Pound tumbles to new lows
With the new UK government continuing to take a hard-line approach on Brexit the mood towards the pound soured further at the start of the week.
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With the new UK government continuing to take a hard-line approach on Brexit the mood towards the pound soured further at the start of the week.
On Friday, US Q2 GDP slowed to 2.1%. While the figure beat expectations it was still the weakest reading since the first three months of 2017 when Pre
While the ECB rate decision may have been lacking in surprises yesterday, with the bank keeping rates on hold and signalling some potential easing in
The euro broadly softened on Wednesday as the flash Eurozone PMI composite revealed that the manufacturing slowdown cast a dark cloud over the bloc.
Yesterday, July’s preliminary Eurozone consumer confidence data rebounded slightly, with the sentiment index increasing from -7.2 to -6.6.
The pound broadly softened at the start of the week, recording modest losses against currencies like the euro and US dollar.
As UK public sector net borrowing surged to 7.2 billion in June this diminished the appeal of the pound heading into the weekend.
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