XE Market Analysis: Sterling hits 10 day low as Words from PM May Disappoint

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OVERVIEW

  • The Pound weakened to a 10-day low against the Dollar following PM May’s speech at the potentially pivotal EU Summit in Brussels. 
  • Higher Treasury yields boosted the Dollar following positive news from the US Federal Reserve Meeting Minutes
  • The Canadian Dollar fell to a one-week low point due to a sharp drop in oil prices

HIGHLIGHT