Pound slides, USD pressured by payrolls data
The pound was struggling at the end of last week’s session following comments by the Bank of England’s (BoE) Silvana Tenreyro.
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The pound was struggling at the end of last week’s session following comments by the Bank of England’s (BoE) Silvana Tenreyro.
The pound struggled to find momentum mid-week in light of renewed Brexit uncertainty.
A downgraded UK construction PMI offered the pound little in the way of encouragement on Friday as the sector fell deeper into contraction.
An unexpected uptick in UK mortgage approvals encouraged the pound to hold onto its positive footing at the start of the week.
A temporary lull in political developments encouraged the pound to push higher ahead of the weekend, with the currency benefiting as market anxiety ov
The pound extended its downtrend at the start of the week, lacking the support of any fresh UK data releases.