Pound firms as BoE hikes interest rates
The pound jumped on Thursday, bolstered by surprisingly hawkish forward guidance from the Bank of England (BoE).
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The pound jumped on Thursday, bolstered by surprisingly hawkish forward guidance from the Bank of England (BoE).
The pound fell sharply on Tuesday, undermined by a lacklustre UK jobs report and fresh Brexit jitters.
The pound traded in a wide range last week as UK political developments infused the currency with volatility.
The pound fluctuated on Tuesday amid fresh questions over Boris Johnson’s future as prime minister.
The pound got off to a strong start this week, following the news that UK Prime Minister Boris Johnson would face a vote of no confidence.
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.
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