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Trending on Talks of Hard Brexit Trigger Hard Fall for Pound; Fed’s Divergent Path Lifts Dollar to Seven-Month High

Thursday, October 13, 2016 8:49
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The British pound and U.S. dollar diverged sharply this week, as talks of geopolitics and monetary policy weighed on the currency markets. The British pound fell to fresh 31-year lows against a resurgent U.S. dollar, which in turn reached seven-month highs on stronger domestic economic cues. The prospect of an imminent rate hike from the Federal Reserve also contributed to broad selling pressure in the government bond market.


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