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EUR/USD could be next domino to fall as Brexit concerns mount
Today, the GBP/USD dropped to a new 31-year low as it breached last Monday’s low at 1.3120 amid ongoing Brexit worries. Helping the pound move towards 1.30 was comments from Bank of England Governor Mark Carney and downbeat economic data. Mr Carney said the UK is facing a ‘period of uncertainty and economic adjustment’ following the Brexit vote as he delivered the BoE’s Financial Stability Report. In it, the BoE highlighted several risks, including in the commercial property market, where foreign inflows have already fallen by 50% in the first three months of 2016, and the high level of UK household ... (full story)
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