Bruised pound shows signs of resilience

7th August, 2016

While sterling has tumbled versus the dollar since the Bank of England governor Mark Carney announced a suite of measures to support the British economy, the currency only fell to levels seen three weeks ago.

It’s still about 2 per cent higher than the 31-year low reached in the aftermath of Britain’s vote to exit the European Union in June.

Currency investors are considering the trade-off between stimulus measures that tend to...

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