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UK Pound Plunges on Latest PMI Reading

Thanks to the Brexit vote, confidence in the UK economy is poised for big losses. The latest PMI reading — a special reading by Markit — indicates that things could be headed for trouble. Sterling is dropping dramatically on the news, losing ground to its major counterparts.

Euro Trade Mixed on the Forex Market

Euro is mixed against its major counterparts today as Forex traders look ahead to coming weeks and try to determine what might be next. Concerns about potential stimulus in September, as well as the recent focus on buying corporate bonds, have some wondering whether there is more weakness ahead for the 19-nation currency.

Sterling Jumps After BoE Delays Monetary Easing

The Great Britain pound climbed today after the Bank of England surprised markets, leaving its monetary policy unchanged.

Euro Trades Mixed as Forex Traders Consider What’s Next

Euro is trading mixed today, gaining against currencies like the dollar and yen, but falling against the pound. Risk appetite is helping the 19-nation to some degree, but there are still questions about what’s next for the eurozone and Forex traders are considering what the Brexit might mean.

Great Britain Pound Jumps as Markets Welcome New Prime Minister

The Great Britain pound jumped today as the market sentiment continued to improve following the news about Britain getting a new Prime Minister. The currency demonstrated the biggest one-day gain since the huge drop after the Brexit vote.

Pound Bounces as Theresa May Remains Single Candidate for PM

The Great Britain pound bounced during the American trading session as one of the contenders for the Prime Minister seat has exited the race, leaving just one candidate for the office. This reduced political uncertainty in the country that is getting ready for leaving the European Union.

Euro Continues to Struggle Following Brexit Fallout

Euro is heading lower today, dropping as fallout from the recent Brexit vote continues. Euro is down against its major counterparts, even remaining lower against the UK pound. Another issue weighing on the 19-nation currency has to do with the health of the Italian financial system. With concerns about the system, the euro is struggling.

Sterling Drops as Traders Brace for Easing from Bank of England

The Great Britain pound fell against the US dollar and the euro during the current trading session as market participants were betting on monetary easing from the nation’s central bank at this week’s policy meeting.

Great Britain Pound Touches Fresh Multi-Year Lows

The Great Britain pound sank to new multi-year lows today as Britain’s decision to leave the European Union made investors shun the currency.

Great Britain Pound Fails to Recover After Brexit

The Great Britain pound was attempting to recover during the past trading week following the previous week’s Brexit shock. But it failed to do so due to the prospects for monetary stimulus from the nation’s central bank.

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