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Pound Recovers Against Majors
(RTTNews) - The British pound recovered from its recent lows against other major currencies in the early New York session on Thursday.
The pound rose to a 2-day high of 0.8472 against the euro and a 6-day high of 193.09 against the yen, from early lows of 0.8523 and 191.00, respectively.
Against the Swiss franc, the pound edged up to 1.1008 from an early low of 1.0940.
Moving from an early more than a 2-week low of 1.3243 against the U.S. dollar, the pound edged up to 1.3339.
If the pound extends its uptrend, it is likely to find resistance around 0.82 against the euro, 197.00 against the yen, 1.13 against the franc and 1.35 against the greenback.
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Pound Slides After UK Starmer's Reshuffle
The British pound weakened against other major currencies in the European session on Tuesday, amid rising concerns about the UK government's ability to maintain fiscal discipline.
In order to meet her fiscal goals, Chancellor Rachel Reeves is anticipated to increase taxes in her autumn budget, which could likely weigh on economy.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Tuesday.
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The Japanese yen weakened against other major currencies in the European session on Tuesday, due to the uncertainties surrounding the probable timing of the Bank of Japan's (BoJ) next interest rate hike.
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Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the European session on Tuesday.
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The U.S. dollar weakened against other major currencies in the late Asian session on Monday, due to growing speculation that the U.S. Federal Reserve (Fed) may lower interest rates at its September meeting.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the late Asian session on Monday.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
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Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Friday.
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