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Weekly Market Analysis February 12th 2018  |
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Investors flock to safety of US dollar as pound sentiment is hit by worries following EU comments Last week saw the pound fluctuate wildly following the Bank of England’s (BoE) latest policy meeting and comments from the EU’s chief Brexit negotiator, Michel Barnier. The pound is holding steady at the start of this week, with GBP/EUR stable at €1.1279 and GBP/USD trading narrowly at US$1.3838. Sterling may tumble again this week should Brexit continue to cause a headache for markets or if markets react poorly to the UK’s latest inflation figures. |
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Today's Rate The rates above are using the British pound (GBP) as the base rate. All rates are for indication purposes only. Prices can vary dramatically based on amount and delivery date. |
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| | "Sterling suffered some early losses on Monday as concerns over Brexit and the unity of the UK government prompted investors to shy away from the currency."  Transfer 24/7 with our currencies direct app   |
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Pound volatile in wake of BoE meeting, Barnier comments The pound was hit by volatility last week as markets reacted to the BoE’s first policy meeting of the year as well as the latest developments regarding Brexit. |
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Euro fluctuates on mixed data The euro struggled to stabilise against the other majors last week, following the release of some mixed economic data. |
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Dollar finds support as Fed comments boost rate hike hopes Last week saw the US dollar put in its best performance so far in 2018, as investors flocked to the currency amid growing speculation that the Federal Reserve could implement up to four rate hikes this year. |
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AUD, NZD weakened by dovish central bank statements The Australian dollar and New Zealand dollar both struggled last week as each country’s respective central bank dismissed the possibility of a rate hike in the near future |
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