Pound slumps as BoE outlook shifts towards rate cut
Comments from Bank of England (BoE) policymaker Michael Saunders prompted the pound to trend sharply lower ahead of the weekend.
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Comments from Bank of England (BoE) policymaker Michael Saunders prompted the pound to trend sharply lower ahead of the weekend.
The surprise announcement of European Central Bank (ECB) policymaker Sabine Lautenschläger’s early resignation weighed heavily on the euro.
GBP exchange rates slipped ahead of the weekend as Brexit talks showed signs of breaking down.
The euro declined at the start of the week when European Central Bank (ECB) chief economist, Philip Lane signalled further monetary loosening when he
Reports that cabinet members were urging Boris Johnson to seek an extension to the current Brexit deadline fuelled a GBP exchange rate rally last week
Friday the 13th may be unlucky for some, but not the pound – with the currency soaring to its best levels since July.
The European Central Bank’s (ECB) decision to restart its stimulus programme drove the euro sharply lower yesterday.