Brexit Boom: Sterling Rebounds Against The Dollar
by Breitbart London Sterling rebounded from a five-week low against the dollar on Thursday, boosted by renewed weakness in the greenback after the Federal Reserve kept monetary policy steady and projected a less aggressive path for rate hikes in coming years. While the Fed strongly signalled it could tighten monetary policy by the end of the year, policymakers cut the number of rate increases they expect this year to one from two. That put pressure on the dollar and helped relieve some of the selling that the pound had witnessed this week. Sterling was up 0.3 percent at $1.3071,...
by Breitbart London Sterling rebounded from a five-week low against the dollar on Thursday, boosted by renewed weakness in the greenback after the Federal Reserve kept monetary policy steady and projected a less aggressive path for rate hikes in...
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