The pound is struggling to stay above $1.30
|05/22/2017||Posted by BusinessMediaguide.Com under General World News||
LONDON — The pound has dropped below 1.30 against the dollar once again on Monday morning, losing ground as the greenback strengthens and a little uncertainty about the outcome of the UK’s upcoming general election slips into the minds of market participants.
Sterling passed above the psychologically significant $1.30 level last week, but struggled to push above $1.31, and on Monday has taken another leg lower, largely thanks to dollar strength.
The world’s most important currency fell sharply against most others on Friday after US Federal Reserve FOMC member James Bullard suggested that the Fed’s current expectations for interest rate read more >>>