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Trending on ETFdb.com: 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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(Before It's News)

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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