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The pound sterling is on the defensive due to the comments of the head of the Bank of England

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The pound sterling is on the defensive due to the comments of the head of the Bank of England

The pound sterling is on the defensive due to the comments of the head of the Bank of England
July 01
16:00 2016

On Friday after timid recovery attempts the pound sterling took a defensive position against the background of the comments of the head of the Bank of England. At the same time the euro was hesitating because of the data about new stimulus in Europe.

In trying to recover from the sudden decision of the British to vote for the withdrawal from the EU last week, the pound sterling rapidly came off the 31- year low. The head of the Bank of England Mark Carney said that the UK economy may need new incentives that summer.

The pound sterling has fallen to $ 1.3200, approaching the Monday’s minimum of $ 1.3122. To the beginning of the day the UK currency has risen by 0.02 percent to $ 1.3318.

The euro has updated the two and half-year maximum, which amounted to 83.845 pence and has fallen by 0.07 percent to 83.320 pence by the beginning of the day.

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