Brexit delay to keep sterling in well-trodden ranges: Gain Capital
Green shoots of spring growth in global economy bring dollar, euro plays to the fore
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The delay in the UK’s departure from the European Union, coupled with slow economic growth, will keep the pound treading water within recent ranges, says Matthew Weller, senior market analyst at Gain Capital.
Gain, which topped this week’s 12-month G10 forecast table, projects that cable could trade around 1.27 in the short term, down from its current 1.31 levels.
At an emergency summit, EU leaders gave the UK a
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