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On Monday, the British pound was intact ahead of the beginning of Brexit talks, with market participants also waiting for comments from a top Fed official to find out whether the greenback’s recent leap can be sustained or not.
The British pound almost stood still, keeping to $1.2777. The UK currency hardly reacted to recent news that a van ploughed into worshippers leaving a mosque in London on Monday, murdering one person and also injuring several.
The UK currency has faced rather a turbulent month, dipping to a near two-month minimum of $1.2636 on June 9 on the UK election shock, but soaring the previous week as the Bank of England approached raising rates, following a split vote in its monetary policy committee.
There’s significant uncertainty over Britain’s stance on Brexit negotiations, and some experts are cautious as for the pound’s near-term prospects.
Meanwhile, the common currency showed $1.1194, having leapt 0.5% on Friday.
On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets…
On Tuesday, the evergreen buck managed to stabilize in Asia because the International Monetary Fund had its 2019 as well as 2020 global surge forecasts cut overnight…
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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