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GBP/USD edges lower

Arron Morris Currency Broker - Sterling still under pressure.Written by
Arron Morris
Senior Currency Broker
T: 01442 892 065

Yesterday saw the GBP/USD cross lose around half a cent with the currency pair dropping back to $1.2860, although the pair has managed to claw back a small amount of ground and is now trading at $1.2885. We could see some volatility for sterling crosses over the course of today as markets focus on speeches from two of the Bank of England’s monetary policy committee. Investors will be looking for further clues that the UK central bank could raise interest rates before the end of the year, if there is any indication of a rate hike it is likely GBP/USD will be back above $1.29 before the end of the session. EUR/USD is still unchanged with the currency pair still trading around $1.14.

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Arron Morris
Senior Currency Broker
T: 01442 892 065

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