Weekly Roundup: Pound dented by BoE recession warning
The pound initially strengthened last week as markets increasingly priced in a 50-bp rate rise from the Bank of England.
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The pound initially strengthened last week as markets increasingly priced in a 50-bp rate rise from the Bank of England.
The US dollar stormed higher on Friday after the latest US non farm payroll figures stoked Federal Reserve rate hike bets.
The pound tumbled yesterday after the Bank of England (BoE) forecast a UK recession beginning in the fourth quarter of this year.
The US dollar surged higher yesterday after strong American economic data boosted Federal Reserve rate rise bets.
The US dollar rose yesterday as growing tensions between the US and China spooked global markets, thereby driving investors to the safe-haven ‘greenba
The pound firmed yesterday as markets became increasingly expectant of a 0.5% rate rise from the Bank of England (BoE) later this week.
The Australian dollar rose throughout last week’s trade as an improving market mood boosted the risk-sensitive ‘Aussie’.
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