Pound falls back below $1.30 ahead of UK trade figures – business live

Discussion in 'Market News' started by Lily, Aug 9, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Sterling is weakening ahead of new data showing how Britain’s economy fared in June

    7.51am BST

    The pound is falling like one of Britain’s fantastic synchronised divers this morning.

    Traders are selling sterling, as traders wait for this morning’s trade balance and manufacturing report.

    The pound is back below $1.30 https://t.co/cbLuakUBCg pic.twitter.com/nsTITrN12H

    Sentiment remains bearish towards the UK economy and speculations may heighten over the Bank of England taking further action if economic data continues to follow this negative path.

    Pound drops below $1.30 as expanded QE spurs Dollar strength on divergence. https://t.co/l4D6FOVO3u pic.twitter.com/bhH5A75Csc

    7.36am BST

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

    Coming up today.... we’re about to discover how Britain’s economy fared in the month of the EU referendum.

    Competition officials today calling for "Open Banking Revolution" with new apps to allow customers info to be shared securely

    Continue reading...

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