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 US dollar slumped on Wednesday as the Federal Reserve’s forward guidance proved to be less hawkish than expected.
The pound fell sharply on Tuesday, undermined by a lacklustre UK jobs report and fresh Brexit jitters.
The US dollar rallied again on Monday, with demand for the safe-haven currency being underpinned by risk-off flows.
The Australian dollar was catapulted higher in the first half of last week, in response to the Reserve Bank of Australia’s (RBA) latest interest rate
The US dollar rocketed higher against the majority of its peers last week after a hotter-than-expected US inflation print.
The euro got off to a slow start last week, with the single currency being undermined by an unexpected slump in German factory orders as well as ongoi
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