Forex Market News

Sterling Pound Traded Lower

Sterling pound traded lower by 0.46 percent in the last week despite the robust release of construction, manufacturing, service and net lending to individuals data from the nation. Reason behind this weak trend in Pound could be blamed to the growing fear of Brexit negotiations that has made pound a sentiment driven currency.
News that Sir Ivan Rogers had resigned as the UK ambassador to the EU has kept markets in jitters. This will keep GBPINR weak in today’s trading session.
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