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Global market watch - 27th July 2016

GBP

It was an about turn for MPC member Weale who decided that after last week’s PMI readings he would vote to cut UK rates on August 4th rather than rate hikes as he explained last week. This caused initial sterling weakness although the market appears to be very wary to retest recent lows unless it has a fundamental reason to do so. One alarming piece of news ... Read more

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Associated Foreign Exchange (AFEX) is licensed as a money transmitter and regulated by the State of New York Banking Department. AFEX is licensed by the State of California and regulated by the Department of Financial Institutions.