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UK Pound Report Headlines

Sterling falls vs stronger euro as minds turn to BoE

LONDON, July 28 Sterling fell more than half a percent against a broadly stronger euro on Thursday, 3,000 job cuts at British bank Lloyds underlining concerns that the UK economic outlook will only worsen in the months ahead following June's Brexit vote.

Sterling edges down as traders await UK GDP data

LONDON, July 27 Sterling slipped against the dollar and euro on Wednesday as traders awaited British second quarter economic growth data, though the backward-looking focus of the numbers meant they were not expected to have a very significant impact on the currency.

UPDATE 1-Sterling slips to 2-week low as BoE's Weale turns dovish

LONDON, July 26 Sterling hit a two-week low on Tuesday after a Bank of England policymaker said a batch of weak UK data would be "very material" for the bank's next policy meeting, having last week said he needed more evidence of economic weakness before backing an interest rate cut.

Sterling slips to two-week low as BoE's Weale turns full circle

LONDON, July 26 Sterling hit a two-week low on Tuesday after a Bank of England policymaker suggested a batch of weak UK data had convinced him monetary policy should be eased immediately, having last week said he needed more evidence of economic weakness first.

UPDATE 2-Sterling treads water after gloomy CBI survey

LONDON, July 25 Sterling trod water on Monday after a survey painted a subdued picture of Britain's manufacturing sector, underpinning the view that a recession could hit in the near future and that the Bank of England will need to further ease monetary policy.

Sterling slips after gloomy CBI survey

LONDON, July 25 Sterling eased from highs on Monday after a survey painted a subdued picture of Britain's manufacturing sector, underpinning expectations of recession in the near future and more monetary stimulus from the central bank.

Sterling climbs after steep fall, awaits CBI survey for July

LONDON, July 25 Sterling inched up on Monday, recovering some of the ground it lost late last week from surveys suggesting Britain was heading towards recession and boosting expectations the Bank of England will have to stimulate growth next month.

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