The Pound made considerable gains against the Euro and the Dollar following the Bank of England released the minutes of its October monetary policy meeting. In the minutes, it was clear that the decision to leave the scale of asset purchases on hold at GBP175 billion was unanimous, relieving suspicions that some policymakers at the ...
read more →The Pound made gains against the Euro while declining against the Dollar as the greenback came under broad selling pressure with solid US corporate earnings lifting demand for perceived higher risk currencies. Also to note public sector net borrowing declined more than expected in September the headline figure saw the UK government finance a larger ...
read more →The Pound remained relatively unchanged against the Euro while gaining against the Dollar for the fifth consecutive day. Even though the Pound was hindered by the Bank of England Adam Posen interview where he quoted that “he is ready to back an increase in the Bank’s 175 billion pound quantitative easing program next month.” Although ...
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