Pound weakens despite more confident BoE interest rate ...
The Bank of England (BoE) seemed more upbeat yesterday over the outlook for monetary policy, but the pound was having none of it and continued to weak
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The Bank of England (BoE) seemed more upbeat yesterday over the outlook for monetary policy, but the pound was having none of it and continued to weak
The Eurozone will be back in focus this morning with the bloc releasing its latest PMI estimates for businesses.
The pound was boosted yesterday following a report in Business Insider stating that the European Parliament may be prepared to grant the UK some form
With nothing else to focus on yesterday, markets continued to sell the pound in response to Friday’s gloomy retail figures.
The US dollar suffered at the hands of foreign exchange traders last week as investors began to bet against the ‘greenback’ once again.
Poor retail sales figures weakened the pound on Friday and left questions hanging over the outlook for the UK economy.
The Pound looks set to advance later this morning, following the release of the UK’s latest retail sales figures.
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