Monday 21 March 2016

XE Market Analysis: Europe - Mar 21, 2016

Sterling came under some pressure following a resignation of a key member of the UK government's cabinet, which was ostensibly about last week's budget but may be more to do with the somewhat bitter Brexit debate. The dollar and most other currencies were steady in typically quiet early-week proceedings, thinned today by the absence of Japanese markets for the Vernal Equinox day. The pound is showing about a 0.5% loss versus the dollar, and a 0.6% decline against the euro just ahead of the London open.



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