GBP/USD extends decline to 22-month low
The pound continued to retreat against the US dollar yesterday as investors continued to raise doubts over the next Bank of England (BoE) interest rat
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The pound continued to retreat against the US dollar yesterday as investors continued to raise doubts over the next Bank of England (BoE) interest rat
The pound was mostly muted through the start of last week as a result of limited data and thin trading conditions due to the extended Easter weekend.
The pound plunged at the end of last week’s session as GBP investors were dismayed by some lacklustre UK data.
The pound managed to tick higher earlier in the week, despite the UK’s latest GDP data showing a sharper-than-forecast slowdown in the UK economy. The
The US dollar was left on the back foot on Wednesday amid a prevailing risk-on mood.
The pound ticked higher on Tuesday, in response to the UK’s latest employment figures.
The euro firmed on Monday after Emmanuel Macron claimed victory in the first round of the French presidential election.
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