Sterling is set to end the first week of August flat near 1.3000 psychologically important level after sliding below that level on weak UK services PMI and the Bank of England Governor Mark Carney comments who said that Brexit uncertainty is “uncomfortably high” on Friday. Over the whole week, Sterling is about to close 100 pips lower near 1.3000 level after opening near 1.3100 level and jumped as high as 1.3170 throughout the week. The Bank of England raised the Bank rate by 25 basis points in a unanimous vote on Thursday helping Sterling to recover shortly above 1.3120 level. With the Bank of England dovish ... (full story)