Weekly roundup: Pound plummets following disappointing ...
The pound initially opened last week’s session on stable footing as GBP investors welcomed Scotland’s lifting of its remaining coronavirus restriction
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The pound initially opened last week’s session on stable footing as GBP investors welcomed Scotland’s lifting of its remaining coronavirus restriction
The pound rallied on Monday, lifted by an upbeat market mood and pullback in the US dollar.
The pound continued to trend lower on Friday, after the UK reported a shock contraction in retail sales.
The US dollar continued to race higher on Thursday, in response to a further souring of market sentiment.
The pound trended broadly higher over the past month, after initially facing a sizable setback in late July.
The US dollar remained bullish on Wednesday, following the release of the minutes from the Federal Reserve’s July policy meeting.
The US dollar traded with strong gains on Tuesday as the currency benefitted from considerable safe-haven flows.
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