XE Market Analysis: The Pound Holds Off on 8-Month Lows Against the US Dollar

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OVERVIEW

  • The Pound is off 8-month lows amid interest rate expectations and comments from BoE’s Haldane.
  • US Dollar gives up earlier gains.
  • The Loonie strong amid increased expectations of a rate hike in July.

HIGHLIGHT

The Pound holds it’s own having tested 8-month lows against the US Dollar and 2-month low against the Euro. The move is driven more by interest rate speculation than Brexit concerns.