Weekly Roundup: Pound stumbles in holiday-thinned trade
The pound trended broadly lower last week, as holiday thinned trade left the currency vulnerable to losses.
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The pound trended broadly lower last week, as holiday thinned trade left the currency vulnerable to losses.
The pound suffered a sharp selloff in the first half of the week following the release of the UK’s latest PMI figures.
The Pound ticked higher on Friday, amidst hopes a new fiscal stimulus package will help the UK swerve a recession this year.
The pound spent much of the past four weeks on the defensive. Growing fears of a UK recession left investors increasingly sceptical of Sterling’s upsi
The euro firmed on Thursday, supported by European Central Bank (ECB) interest rate hike bets.
The pound plummeted on Tuesday as the latest UK PMIs printed well below expectations.
Sterling wobbled at the start of the week amid a shifting market mood and a lack of UK economic data.
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