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Pound/Euro falls to 9 month low

The Pound has continued to fall all week, however today seems to have stabilised slightly. We have seen Pound/Euro fall to a 9 month low, and GBPUSD rates fall to a 1 year low . Today however Sterling has bounced back ever so…

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Pound drops despite interest rate hike

Pound Drops: We have seen the Pound drop across the board this afternoon, despite the expected interest rate hike by the Bank of England. All 9 members voted for rates to go up to 0.75%. As we predicted in our…

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Why has the Pound fallen?

Why has the Pound fallen? It’s to do with inflation numbers. Sterling has taken another knock today, after the UK’s latest inflation figures came in below forecast, reducing the chances of the Bank of England raising interest rates any time…

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Sterling unsteady on signs of slowdown

In yesterday’s post I outlined today’s UK Mortgage Approvals, Manufacturing PMI and Credit data as things to watch for any signs of a slowdown in the UK economy. Unfortunately for clients with GBP to convert, that’s exactly what we’ve seen…

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