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UK GDP contraction drives pound to fresh lows

News that UK gross domestic product contracted -0.2% in the second quarter left the pound under pressure on Friday.

No-deal Brexit speculation weakens GBP

Pound exchange rates drifted lower again on Wednesday as Dominic Cummings, Boris Johnson’s most senior advisor, warned MPs that a vote of no confidenc

Pound recoups losses, USD pressured

The pound spent yesterday recouping its previous losses. Both the GBP/EUR and GBP/USD exchange rates marched higher on reports that PM Boris Johnson i

Disappointing UK PMIs add to pound weakness

After the disappointing nature of July’s UK manufacturing and construction PMIs markets are wary of today’s corresponding services reading.

Pound slides as BoE suggests 1 in 3 odds of ...

The Bank of England’s (BoE) warning that the UK faces a one in three chance of a Brexit recession left the pound on a weak footing yesterday.

Risk of BoE rate cut could drive pound to ...

A temporary easing in market anxiety over Brexit helped to shore up the pound yesterday, even though the risk of the UK crashing out of the EU without

GBP at multi-year lows, EUR supported by ...

While the pound slumped to multi-year lows against the euro and US dollar, a better-than-expected reading from the latest German consumer price index

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