XE Market Analysis: Sterling Slides as a Strong US Dollar and Mounting Brexit Concerns Put on Pressure

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OVERVIEW

  • ECB reaffirmed their stimulus program will end this year.
  • Sterling struggles to gain ground with ongoing uncertainty over Brexit.
  • Stronger US Dollar as data points to solid growth in business activity.

HIGHLIGHT

While off 10-month lows against the US Dollar, the Pound struggled to make headway amid Brexit concerns. The focus is on the Bank of England when they meet next Thursday with an 81% expectation to see a 25bps hike.