Pound rises as markets ignore gloomy OBR predictions ...
Despite some gloomy predictions in the Spring Statement, pound Sterling was able to hold its ground versus the euro and rise against the US dollar yes
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Despite some gloomy predictions in the Spring Statement, pound Sterling was able to hold its ground versus the euro and rise against the US dollar yes
We’ve arrived at the last trading day before Christmas. While we’re all starting to look forward to leaving work, getting into the festive spirit(s) a
Sterling’s lacklustre week looks set to continue, with a disappointing UK confidence report undermining demand for GBP.
The gains recorded by the pound on Monday proved short lived, with Sterling going on to slide against most the majors as the week continued.
Signs that the UK government was knuckling down and formulating its plans for Brexit helped push the pound higher yesterday.
The UK was given the green light on Friday to move ahead to the next phase of Brexit negotiations, but the pound was on poor form.
We saw some pretty dramatic currency movement last week as the UK raced to reach an exit deal with the EU.
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