Sterling slips versus dollar before BoE and Fed meetings
Britain’s pound was falling against a stronger dollar on Wednesday ahead of policy announcements by both the Bank of England and Federal Reserve over the next two days. The pound was last down 0.2% against the dollar to $1.2671, and was on track to lose around 0.3% this month. “Markets are just positioning themselves before the Fed tonight and Bank of England policy meeting tomorrow,” said Kirstine Kundby-Nielsen, FX analyst at Danske Bank. Sterling is still one of the better performers in the G10 against the U.S. currency this year ...
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