Sterling bounces off one-week lows as dollar skids

Friday, 23 February 2018 00:31 WIB

Sterling rose from a one-week low on Thursday as the dollar slumped towards a session low, although renewed concerns over the state of play in Brexit negotiations checked the British currency's gains. Despite sterling's weakness this week, it is still up nearly 3 percent against the dollar this year as investors have ramped up bets that the Bank of England may raise interest rates more than previously forecast. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.22 percent at 89.805. Through Wednesday, the index gained nearly 2 percent since...

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Sterling bounces off one-week lows as dollar skids
Friday, 23 February 2018 00:31 WIB Sterling rose from a one-week low on Thursday as the dollar slumped towards a session low, although renewed concerns over the state of play in...

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