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Sterling clocks third week of gains vs euro, storms may lie ahead

From uk.reuters.com

The pound extended gains against the euro on Friday, putting it firmly on track for its biggest monthly rise since February as a broad-based drop in the single currency against its rivals encouraged investors to buy the British unit. The euro fell more than 0.5% drop against the Japanese yen and the Australian dollar, but the pound’s gains against the single currency were contained as investors braced for a tense opening to the British parliament next week. Though the pound is still above a 2-1/2 year low of $1.2015 it reached this month, it could see bigger moves with action around the Brexit crisis during the ... (full story)

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  • Category: Fundamental Analysis