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Pound up ahead of busy week

The pound is strong ahead of a busy political week, as the slim hopes of a forthcoming Brexit deal seem to be becoming even slimmer, and Parliament remains deeply divided. Sterling came under pressure last week after the BoE suggested a rate cut was on its way. The...


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EUR: Euro choppy ahead of confidence data

Euro is choppy ahead of a wide range of data releases this morning, including business and consumer confidence and economic, industrial and services sentiment. The ECB’s bulletin yesterday highlighted the continuing risks to the wider economy, from trade wars to the...


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GBP: Pound weak on possible rate cut

Michael Saunders, a ‘hawkish’ Bank of England policymaker, has said this morning that an interest rate cut may be needed if Brexit uncertainty continues. This comes after the Bank of England’s comments last week explaining that slowing global growth...


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Pound down as Bank of England signals rate cut

Sterling has fallen this morning as Bank of England policymaker, Michael Saunders, has said that a cut to interest rates may be needed. It was a mixed day for the pound yesterday, as the government lost its seventh vote since Boris Johnson took office. The atmosphere...


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