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Sterling struggles against stronger US dollar

From brecorder.com

Sterling fell against a broadly stronger dollar on Monday, as traders mulled what the Bank of England might signal at its next policy meeting amid growing confidence that the Federal Reserve will soon be cutting interest rates. At 1156 GMT, sterling was 0.2% down against the dollar at $1.26865. With little market-moving news out of the UK, traders remain focused on key monthly US jobs data due this week for direction. On Monday, most currency pairs were trading in line with their relative sensitivity to dollar moves, according to Nicholas Rees, FX market analyst at Monex. “With a limited UK data calendar, the key for ... (full story)

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