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"Uninspired": Pound Sterling Shrugs at News of Brexit Deal, Sheds Gains against Euro and US Dollar

From poundsterlinglive.com

The British Pound showed a remarkable lack of enthusiasm to news the UK and EU had finally struck a post-Brexit trade deal, a somewhat counterintuitive reaction to an agreement which brings to an end years of uncertainty for businesses, investors and millions of citizens. The Pound-to-Euro exchange rate fell back from a high of 1.1168 to quote at 1.1105 in the wake of an agreement being announced, the Pound-to-Dollar exchange rate fell from a high at 1.3619 to quote at 1.3527. The UK currency pared gains made earlier against the majority of the world's largest currencies. The Pound's reaction suggests the market had ... (full story)

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  • Category: Fundamental Analysis