The British Sterling edged higher during London's trade on Wednesday, with a lift provided largely by rising hopes that a trade deal can be worked out with the E.U., and broad weakness in the US Dollar.
In yearly terms, industrial production dropped by 9.6 percent in August, after dropping by 9.8 percent in July.
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The Pound Sterling edged higher against the US Dollar as FX traders dismissed the likelihood that the Bank of England will move to a negative rate environment any time soon.
Despite the advance of the sanitary crisis, the Reserve Bank of Australia announced its decision to leave the cash rates unchanged at 0.25 percent, signaling further monetary easing to aid the performance of the Australian economy,
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The Pound Sterling was lower against its European counterpart, though the focus remains squarely on a positive conclusion to the Brexit deal.
On Monday morning risk appetite took over the European stock markets after the White House reported that US President Donald Trump's health is improving.
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The US Dollar drifted lower as hopes were revived that a new stimulus package would soon be made available to US businesses and consumers which could help provide a lift to the flagging economy.
The Pound Sterling edged lower versus its two main rivals after a media report said that both the EU and Britain were no closer to an agreement on state aid, a key issue in the Brexit discussion.
Yesterday, oil markets mainly recovered, after the markets learned that crude oil stockpiles decreased.
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The Pound Sterling recovered after a brief move lower against its EU and US counterparts after the UK's House of Commons approved the Internal Market Bill.
The Federal Statistical Office of Germany reported that retail sales gained 3.7 percent (year-to-year) in August, below July's figure which stood at 5 percent and lower than what the analysts expected, who foresaw it to increase by 4.2 percent.