XE Market Analysis: British Pound Rallies as BoE Signals More Rate Hikes

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OVERVIEW

  • US congressional leaders reach a budget deal that adds to the deficit.
  • GBP higher after Bank of England meeting.
  • The Euro is softer after ECB comments on inflation and stimulus.
  • German trade surplus shrunk for the first time in 8 years in 2017.
  • Stock markets back in the red mark as global interest rates rise.

HIGHLIGHT