Six Arab countries including Saudi Arabia and Egypt have cut diplomatic ties with Qatar, accusing it of destabilising the region.
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The pair has moved up from 1.60 lows to its current level in the 1.73s throughout the spring and we expect a continuation of that young uptrend higher.
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The ongoing decline in global bulk commodity prices continues to allow Sterling to remain in touching distance of recent highs.
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The Pound to Australian Dollar rose marginally on Tuesday following an equally diminutive rebound on Monday making two up days in a row this week so far.
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Sterling has been losing ground across the board due to renewed Brexit fears.
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Analysts at Westpac Bank in Sydney are calling time on Pound Sterling’s recent strong run against the Australian Dollar.
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The Australian Dollar rose temporarily after strong employment data boosted the outlook for the economy on Thursday but those gains proved ephemeral after it became clear most of the job gains had …
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