The U.K. pound is heading lower in currency trading on the FX market, thanks to the release of the latest minutes from the last MPC meeting.
Minutes show that there are concerns about unemployment and other issues related to a slowly recovering U.K. economy. As a result, it doesn’t appear as though the Bank of England is likely to raise interest rates anytime soon.
The news sent the sterling lower in currency trading today. Even with stocks recovering around the world, and commodities on the rise, sterling is dropping against the U.S. dollar, unlike the euro, which is gaining against the dollar.
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