• Sterling sinks as Brexit negotiations loom

    The pound plummeted on Tuesday, as the prospect of Britain triggering its exit from the European Union weighed on global markets, while demand for the dollar remained underpinned ahead of an expected FED rate hike on Wednesday.

  • Optimism on the market

    Dollar made a U-turn after dipping to 97.50 level as the investors remain optimistic about the FED, gaining 0.38% during the London trading.

  • Sterling is caught in a vortex

    The gloomy anticipations over the Hard Brexit fallout rose once again with the statement of UK Ministry of Finances estimating the blow to the UK economy from 38B to 66B pounds in a year.