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UK GDP contraction drives pound to fresh lows

News that UK gross domestic product contracted -0.2% in the second quarter left the pound under pressure on Friday.

No-deal Brexit speculation weakens GBP

Pound exchange rates drifted lower again on Wednesday as Dominic Cummings, Boris Johnson’s most senior advisor, warned MPs that a vote of no confidenc

Euro bolstered, GBP/EUR hits new two-year low

The euro broadly strengthened on Monday thanks to weakness in the US dollar. The common currency was able to storm higher despite the Eurozone’s compo

Accelerating wage growth set to shore up pound

Increased anxiety over Brexit and the UK’s future trade outlook weighed heavily on the pound yesterday, with a potential US-UK trade deal remaining a

Pound remains vulnerable to Brexit ...

After Matt Hancock withdrew from the Conservative leadership contest, having secured just 20 votes in the first round, the mood towards the pound sour

Could UK mortgage approvals offer pound ...

As the fallout from the European Parliament elections and Theresa May’s resignation continues the pound could struggle to find much in the way of trac

Can pound shake off political anxiety today?

The pound is unlikely to find any support this morning as forecasts point towards retail sales excluding auto fuel contracting on the month in April.

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