Sterling slides to this year’s low


STERLING Sterling found some support towards the end of last week amid reports that the UK could remain in the customs union until 2020. Earlier in the week Theresa May is reported to have said that Brexit negotiations are at an impasse because neither of her current options for a customs deal with the EU…

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Bank of England keeps interest rate at 0.5%

STERLING Although Sterling finished Friday on the front foot, the UK currency took a hit earlier in the week after the Bank of England turned a touch more dovish. Policymakers said they expect inflation to fall back to target faster than previously expected and see the need for only limited tightening over the forecast horizon.…

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Sterling struggles as BoE rate decision approaches

Currency Global - Market News

STERLING Sterling was rocked last week by a string of weaker-than-expected macro data releases and negative Brexit headlines. It has seen a better start to the week however with M&A news leading GBP/USD higher yesterday where UK markets were closed for the bank holiday. Investors are now looking ahead to Thursday’s Bank of England meeting…

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Sterling slides on Rudd's resignation

Currency market reports

STERLING Sterling fell sharply on Friday after data showed the UK economy almost came to a standstill in the first quarter, posting a GDP print of just +0.1% quarter-on-quarter versus forecasts for a gain of +0.3%. The data has dampened expectations for an interest rate increase at the Bank of England next month to less…

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Brexit negotiations hit roadblock over Irish border issue

Currency Global Market News

STERLING Sterling traders were kept on their toes last week with a flurry of tier-one data releases and central bank rhetoric. The pound was already on the defensive following soft prints for UK wages, CPI and retail sales but lost further ground after comments from Bank of England Governor Carney on Friday. He noted that…

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