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Sterling fell to new lows against the euro and the dollar last week before clawing back some ground at the end of the week. GBP/EUR fell below the 1.29 mark to its lowest level since January 2015 and GBP/USD broke into the 1.40 range to trade at its lowest levels since 2009, surpassing the 2010 lows it had hit the previous week. Highlights of the last week include a more dovish ECB, an unexpected dip in the UK’s Unemployment Rate, and…
Sterling fell to new lows against the euro and the dollar last week before clawing back some ground at the end of the week. GBP/EUR fell below the 1.29 mark to its lowest level since January 2015 and GBP/USD broke into the 1.40 range to trade at its lowest levels since 2009, surpassing the 2010 lows it had hit the previous week. Highlights of the last week include a more dovish ECB, an unexpected dip in the UK’s Unemployment Rate, and…