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Tag: dollar rate

UK Data Strong – No Impact On Sterling

Sterling edged lower for a fifth consecutive day as a resurgent dollar and mounting concerns over Brexit negotiations sapped demand for the British currency. An overnight bounce in the pound […]

Brexit Woes & Weak Data

The British pound was set for its biggest daily drop against the euro in more than three months as concerns grew about the progress of Brexit negotiations. Sentiment was also […]

Pressure On Theresa May

Prime Minister Theresa May’s Brexit strategy means disaster for Britain, former foreign secretary Boris Johnson said, as critics at home and officials in Brussels step up their opposition to her […]

Sterling Remains Close To 1 Month Highs

Sterling remained close to one-month highs against the US dollar after Wednesday’s comments from EU chief negotiator Michel Barnier promising the UK a ‘unique deal’. However, he warned yesterday that […]

Pound Rallies After Barnier Comments

The British pound held firm today, after making its biggest gains in seven months yesterday, taking heart from the European Union’s offer of a post-Brexit ‘partnership’. The pound surged as […]

Market Update

With few prospects now of a deal on Britain’s future EU ties in time for the EU’s October summit, any clues that Brexit Minister Dominic Raab can give in parliament […]

Government Step Up Planning For A No-Deal Brexit

Sterling fell again this morning as the government stepped up planning for a no-deal Brexit, reviving concern among investors about what would happen to the currency if Britain left the […]

Trump Comments Weaken US Dollar

The pound rose towards a two-week high this morning after the dollar fell following comments from U.S. President Donald Trump that he was unhappy with the Federal Reserve for raising […]

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