UK Fiscal and Political Uncertainty rock the GBP
The pound continued to trade with considerable volatility over the past fortnight amid fiscal and political uncertainty in the UK.
The pound continued to trade with considerable volatility over the past fortnight amid fiscal and political uncertainty in the UK.
We have witnessed some dramatic movement in the currency market over the past few weeks, most notably in the pound, which crashed to an all-time low against the US dollar.
Central bank policy speculation has been a key driver of currency movement over the past couple of weeks and had infused the FX market with some notable volatility.
The past couple of weeks have seen the euro face significant pressure amid fears of an impending Eurozone recession.
Trade in the currency market has been erratic through the first half of June following the European Central Bank’s (ECB), Federal Reserve’s and Bank of England’s (BoE) latest interest rate decisions.
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