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Trade-weighted Sterling index hits 15-month low of 86.0 - BOE data

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Sterling dropped to a fifteen-month low against a basket of currencies on Monday on the back of intensifying Brexit concerns, despite the UK PM David Cameron clinching a deal on a new agreement between the UK and the European Union (EU) last Friday.

    However, Brexit fears escalated after London Mayor Boris Johnson joined the 'Vote Leave' campaign on Sunday.

    The pound's trade-weighted index dipped to 86, its lowest since Dec 2014, Bank of England (BOE) data revealed.
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