Forex Market News

Sterling Pound Spot Traded Lower By 0.26 Percent

Sterling pound spot traded lower by 0.26 percent (GBPUSD) and 0.57 percent (GBPINR) yesterday owing to soaring tensions post Manchester bomb-blast that has claimed the lives of 22 people which prompted Britain’s Prime Minister Theresa May to halt her campaign.
May was criticized as having a U-turn on one of her key policies, a now called “dementia tax” on elderly people. Furthermore, the disappointing release of second estimate GBP data from the nation that slumped by 0.2 percent from 0.3 percent added to the woes. GBPINR spot is expected to trade lower today.
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