Pound slumps as BoE outlook shifts towards rate cut
Comments from Bank of England (BoE) policymaker Michael Saunders prompted the pound to trend sharply lower ahead of the weekend.
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Comments from Bank of England (BoE) policymaker Michael Saunders prompted the pound to trend sharply lower ahead of the weekend.
The surprise announcement of European Central Bank (ECB) policymaker Sabine Lautenschläger’s early resignation weighed heavily on the euro.
The pound edged lower yesterday as parliament reconvened and PM Boris Johnson challenged opposition MPs to call a confidence vote in his government.
The supreme court’s ruling that the proroguing of parliament was unlawful encouraged the pound to push higher across the board yesterday.
September’s raft of Eurozone manufacturing and services PMIs failed to offer the euro any cause for confidence yesterday.
Hopes for a mutually agreeable Brexit deal waned following Downing Street’s demand that its new proposals not be shared with officials beyond the EU n
GBP exchange rates slipped ahead of the weekend as Brexit talks showed signs of breaking down.
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