Dovish BoE sends pound to fresh lows
GBP exchange rates extended their downtrend on the back of the Bank of England’s (BoE) December policy announcement, even though interest rates remain
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GBP exchange rates extended their downtrend on the back of the Bank of England’s (BoE) December policy announcement, even though interest rates remain
Demand for the pound continued to weaken yesterday as November’s UK consumer price index held steady at a three-year low of 1.5%.
Support for the pound collapsed yesterday as the Conservatives moved to rule out the possibility of any further extension of the current Brexit deadli
The pound initially got off to a strong start to the week as markets continued to take encouragement from the result of the general election.
After soaring in response to the Conservative’s decisive election victory the pound quickly began shedding ground through Friday’s session.
The pound surged overnight, hitting a three-year high against the euro and an over one-year high against the US dollar.
Pre-election jitters failed to knock the pound off its positive footing yesterday, even as opinion polls pointed towards a narrower Conservative lead.