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Sterling steady after two days of losses

Sterling steadied this morning, having suffered two days of losses, with investors awaiting a key services sector report for more clues on the economy which appears to be stumbling just months before a vote on Britain’s future in the European Union. The pound has lost ground this week, retreating from a four-month high struck on […]

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Latest brexit polls show neck & neck

Sterling slipped again this morning, having recorded its biggest one-day fall against the dollar for six weeks in the previous session after a poll showed the campaign for Britain to leave the European Union neck-and-neck with the campaign to stay in. The poll helped drive down the pound by about 1 percent versus the greenback, […]

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UK Manufacturing PMI falls – 3rd May 2016

Sterling retreated from four-month highs against the dollar early this morning after data showing that U.K. manufacturing activity contracted for the first time in over three years in April, adding to gloom over the outlook for second quarter growth. GBP/USD was last at 1.4712, still up 0.26% for the day after rising as high as […]

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Euro GDP stronger than expected

Sterling continues to climb versus the dollar, returning towards 12-week highs against a U.S. currency pegged back by expectations that the Federal Reserve is unlikely to raise interest rates any time soon. Gains in the pound were capped, though, after a YouGov poll for the Times showed opponents of Britain’s European Union membership edging into […]

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Pound drops off due to latest polls

Sterling rose against a weaker dollar on Thursday, advancing towards 12-week highs against a U.S. currency pegged back by expectations that the Federal Reserve is unlikely to raise interest rates any time soon. Still, gains in the pound are likely to be capped after a fresh YouGov poll for the Times showed that those campaigning […]

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UK GDP better than expected

Sterling traded near a 12-week high against the dollar this morning as expectations grew that Britain would vote to remain in the European Union. A preliminary report on first-quarter economic growth releasedthis morning  also moved the pound. A poll predicted the report would show the economy grew 0.4 percent in the first quarter and 2 […]

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