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The Pound Gets Pounded
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10 Aug 2018 08:36 AM EST

Markets Insider UK GDP estimates in-line: a quarterly growth of 0.4% and annual growth of 1.3%. The figures failed to revive the pound, which hit a fresh year low against the dollar on Friday morning. Sterling is suffering from "no deal" Brexit fears and a strong dollar. Sterling has been under pressure all week amid rising fears of a "no-deal" Brexit. A rallying dollar put more pressure on the currency. The pound was up around 0.11% against the euro at the same time.

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