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GBP: dollar’s loss is sterling’s gain

By Kiran Najran September 7th, 2018

The headlines were dominated by the New York Times op-ed and continuing trade war fears, but sterling still managed to extend its recent gains against the euro and dollar. That said, as there were no economic data releases from the UK, the moves were brought about more by dollar weakness than anything else.

Today is ever so slightly busier, with the Halifax house price index for August set for release. We will also see consumer inflation expectations for the third quarter of 2018.

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