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The Bank of England is all but likely to swerve a December interest rate hike after a member of the Monetary Policy Committee (MPC) said the Omicron variant was reason to be more cautious.
December 3,2021
"GBP faces additional downside potential if financial market risk appetite worsens" - CBA.
December 1,2021
GBP/EUR supported at 1.1749 with scope for recovery if global markets stabilise & safe-haven demand ebbs.
November 29,2021
The British Pound could be enjoying another 'vaccine bounce' according to a leading investment bank as the UK's booster rollout contrasts favourably to those of the major Eurozone countries.
November 25,2021
The single currency has rallied against the Pound and Dollar, helped by supportive comments from council members of the European Central Bank.
November 23,2021
"Renewed Covid restrictions across large swathes of the eurozone add another headwind to the eurozone recovery narrative" - CIBC Capital Markets.
November 23,2021
GBP/EUR supported near 1.1838 & 1.1783, meets resistance at 1.1950, scope for 1.20.
November 22,2021
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