Sterling falls to its lowest since mid-March versus dollar

By Reuters

Sterling fell to its lowest level since mid-March against a strengthening dollar while being close to its 2-week high versus the euro, with investors still focused on central banks’ monetary tightening. European Central Bank policymakers appeared keen to unwind stimulus at their March 10 meeting, with some pushing for even more action, the accounts of the gathering showed, without affecting bets on future rate hikes significantly. “The market's dovish repricing of BoE rate expectations has been contained,” ING analysts said in a research note.

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