GBP Slump Deepens on BoE & Earnings Contraction

by Ashraf Laidi

Aug 13, 2014 14:34

Today's release of UK Q2 earnings growth showing the first contraction in four years couldn't have come at a better time for the Bank of England. As bond markets scaled down expectations for a 2014 interest rate hike, the pound was hit across the board while FTSE-100 pushed higher. Full charts & analysis.

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