GBP – The pound slid against the euro edged down slightly against the dollar on Thursday as traders assessed whether recent gains linked to expectations of a central bank rate hike had gone too far.
Reuters noted that “investors remain wary about the timing of any move, however, after the BoE surprised markets earlier this month by keeping rates steady when many had understood the hike was coming.”
While Citi also reminded that “there are longer term concerns for the currency amid wrangling between the European Union and Britain over the Northern Ireland part of the Brexit deal.”
Reuters noted that “investors remain wary about the timing of any move, however, after the BoE surprised markets earlier this month by keeping rates steady when many had understood the hike was coming.”
While Citi also reminded that “there are longer term concerns for the currency amid wrangling between the European Union and Britain over the Northern Ireland part of the Brexit deal.”