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Wednesday,
19-Jun-2019
03:48 (IST)
The pound edged higher for a second day on Wednesday, breaking a six-week losing streak, as investors trimmed some large short bets against the British currency built up in recent weeks. The pound has fallen by 5% since early May, as concern grew that arch-Brexiteer Boris Johnson, the top contender to become the next British Prime Minister, will lead the country out of the European Union with or without a deal by Oct. 31. But a dovish tilt by global major central banks, including the U.S. Federal Reserve and the European Central Bank, has lifted some of the gloom over the British currency. On ...
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Wednesday,
19-Jun-2019
02:37 (IST)
The U.S. dollar was holding steady against a currency basket on Wednesday ahead of the Federal Reserve’s closely watched rate decision later in the day, as hopes for progress in the U.S.-China t...
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Wednesday,
19-Jun-2019
09:18 (IST)
The dollar held near a two-week high early on Wednesday ahead of the Federal Reserve’s closely-watched policy decision later in the day, supported by a surprisingly dovish European Central Bank ...
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Tuesday,
18-Jun-2019
02:48 (IST)
Signs that arch-Brexiteer Boris Johnson may be a step closer to becoming Britain’s next prime minister sent the pound tumbling to a five-month low versus the euro on Tuesday as investors worried...
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Tuesday,
18-Jun-2019
09:03 (IST)
The British pound on Tuesday languished near this year’s low on rising worries Boris Johnson, the front-runner to replace UK Prime Minister Theresa May, could put Britain on a path towards a dre...
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Monday,
17-Jun-2019
04:55 (IST)
The U.S. dollar rose to a two-week high on Monday as recent strong economic data led investors to think again about how dovish the Federal Reserve is likely to sound at this week’s monetary poli...
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Monday,
17-Jun-2019
03:29 (IST)
The pound extended a six-week losing streak against the euro on Monday, as concern grew that Britain was heading for a no-deal Brexit after Boris Johnson got a boost in his bid to replace Prime Minist...
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Monday,
17-Jun-2019
09:10 (IST)
The dollar hovered near a two-week high early on Monday, as strong U.S. retail sales data tempered some of the fears about a sharp downturn in the world’s largest economy. That provided some rel...
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Friday,
14-Jun-2019
02:59 (IST)
The British pound fell again on Friday as investors trimmed their positions after Brexiteer Boris Johnson moved closer to becoming the next prime minister, putting sterling on course for a six-week lo...
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Friday,
14-Jun-2019
01:54 (IST)
The dollar was lower against the yen and euro early Friday in Europe but higher against risk proxies such as the Aussie dollar as traders shunned risk ahead of a weekend set to be marked by geopolitic...
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