US dollar nosedives amid risk-on mood
The US dollar fell sharply at the end of last week’s session, as a risk-on mood saw investors shun the safe-haven currency.
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The US dollar fell sharply at the end of last week’s session, as a risk-on mood saw investors shun the safe-haven currency.
The pound remained on the defensive through yesterday’s trading session amidst ongoing Brexit uncertainty.
The pound fell sharply on Tuesday, as Boris Johnson’s move to block further Brexit delays sent shockwaves through the currency market.
The pound was left mostly rangebound yesterday, with release of some underwhelming UK PMI figures putting the kibosh on an initial rally.
While markets had generally anticipated a Conservative majority this did not stop GBP exchange rates from rallying sharply in the wake of the general
The pound edged away from a multi-year high at the end of last week as investors engaged in some profit taking.
The pound was turbo charged overnight on Thursday, with the currency flying high after the exit poll suggested the Conservatives were on track for a m
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