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Posts Tagged ‘Sterling’

Have the improved prospects for a Conservative victory in the upcoming British election and the reduced chance of a hung parliament revived the sterling, or has the recovering British economy provided the boost? A little more than a week ago, the pound came within twenty points of its post crash…

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Sterling ended among the best performers of G10 currencies this week, logging gains of 1.6% vs the Swiss franc, the Norwegian Krone and the euro. €/£ tumbled to a 4-month low of 0.8810 (£/€ 1.1350) after concerns flared up over the deterioration of public finances in Greece, and BoE MPC…

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Sterling lost further ground this week, primarily against commodity currencies but also against the yen as concerns over the UK’s triple-A status resurfaced and the Pre-Budget Report failed to clearly outline a credible plan how to cut the mediumterm budget deficit. The pound did, however, manage to eke out minor…

View full post on Forex Weekly Reports (ActionForex.com)