Pound poised for weekly gain against Dollar after U.K. escapes triple dip

Source: Bloomberg
The Pound Sterling was poised for its biggest one week gain since June versus the greenback after a report indicating the U.K. economy managed to prevent a triple-dip recession diminished speculation that the Bank of England would increase stimulus. The Pound remained almost unchanged at $1.5437, while it depreciated 0.2% to 84.45 pence per Euro, cutting first weekly gain against the shared currency.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.