The pound headed for its best week since 2009 against the dollar after the appointment of Theresa May as Prime Minister returned a sense of political stability to the U.K. and the Bank of England unexpectedly kept interest rates unchanged.
Sterling strengthened against all its 31 major peers this week amid speculation the BOE may take a less aggressive approach than was initially expected in its measures to contain the fallout from Britain's decision to exit the European Union. The currency rallied amid a clearer political landscape in the U.K. after May took office and appointed a new cabinet, ending a period of uncertainty that has lasted since the June 23 referendum.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
Sterling strengthened against all its 31 major peers this week amid speculation the BOE may take a less aggressive approach than was initially expected in its measures to contain the fallout from Britain's decision to exit the European Union. The currency rallied amid a clearer political landscape in the U.K. after May took office and appointed a new cabinet, ending a period of uncertainty that has lasted since the June 23 referendum.
No comments:
Post a Comment