GBP rebounds despite chaos in Downing Street
[vc_row][vc_column][vc_column_text]In a sign that even political turmoil in the UK is just considered ‘business as usual’ now, the pound managed to rack up some notable gains last week versus its major peers.
Sterling is on rosy form today, with GBP/EUR up 0.4% to €1.1243, while GBP/USD has climbed 0.3% to US$1.3257.
There’s plenty to keep the supposedly stable GBP, EUR and USD roiling this week, including the UK Budget and monetary policy meeting minutes from the European Central Bank (ECB) and the Federal Open Market Committee (FOMC).
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* Information courtesy of Currencies Direct
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