Sterling hits $1.2960 on election optimism; short positions decline

* Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv By Elizabeth Howcroft LONDON, Nov 18 (Reuters) – Sterling rose above $1.2960 on Monday after Prime Minister Boris Johnson said that all Conservative Party candidates in the upcoming election have pledged to back his Brexit deal. Johnson told the Telegraph newspaper in an interview […]

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Sterling edges down from six-month highs vs. euro as Brexit Party boost ebbs

LONDON (Reuters) – Sterling inched down from six-month highs against the euro and was a touch softer against the dollar on Tuesday, as a boost from the Brexit Party’s decision to not contest previously Conservative-held seats in Britain’s upcoming election faded. The pound rallied as much as 1% versus the dollar on Monday after Brexit Party leader Nigel Farage said […]

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Pound rises as UK escapes recession; bearish bets decline

LONDON (Reuters) – The pound firmed against a weaker dollar on Monday, gathering momentum after data showed the UK economy dodged recession in the third quarter of 2019. Britain’s economy grew at its slowest annual pace in nearly a decade as the global slowdown and Brexit worries hit manufacturing and business investment but the 0.3% growth marked a rebound following […]

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Sterling firms to $1.28 ahead of GDP data; short positions extend decline

LONDON (Reuters) – The pound rose 0.2% against a weakened dollar on Monday ahead of a flurry of UK data, including GDP figures which are expected to show economic activity rebounded in the third quarter of 2019. UK September Gross Domestic Product (GDP), manufacturing production, industrial output and goods trade balance data are all due at 9.30 GMT. All three […]

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Sterling holds above $1.28, unchanged as investors wait for political moves

LONDON (Reuters) – Sterling was little changed on Friday, holding just above $1.28 and recovering from two-week lows against the dollar and euro, as investors await political developments ahead of Britain’s Dec. 12 election. The pound was pushed to a low of $1.2794 on Thursday when the Bank of England’s decision to keep rates constant was not unanimous as had […]

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Sterling slips against dollar and euro, short positions reduced

LONDON (Reuters) – The pound slipped on Monday, down around 0.1% against the dollar and euro, with investors’ attention focused on political developments as election campaigning gets under way. UK PMI data showed that construction shrank for the sixth month in a row in October. The data was in line with expectations and reflected a slowdown in growth due to […]

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Sterling steady as traders wait for another Brexit deal vote in parliament

LONDON (Reuters) – Sterling held steady on Monday as investors assessed the outlook for Brexit developments this week after parliament forced Prime Minister Boris Johnson to write to the European Union to ask for a delay to Britain leaving the bloc. The pound remained within a whisker of its recent highs though as most market participants believed a no-deal Brexit […]

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