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NewsBreak: Sterling Falls as BoE's Saunders Says Cuts May Be Needed

Published 09/27/2019, 03:06 AM
Updated 09/27/2019, 03:14 AM
© Reuters.

Investing.com -- Sterling fell over half a cent against the dollar and by a third of a cent against the euro, after a top Bank of England official warned that the economy may need lower interest rates even if the country manages to leave the European Union with a transitional deal.

  • Michael Saunders will make the comments in a speech in Barnsley, northern England, according to wire reports
  • Saunders is viewed as one of the most "hawkish" members of the BoE's Monetary Policy Council
  • GBP/USD at $1.2282 vs $1.2328 before the remarks
  • GBP/EUR at $1.1255 vs $1.1290 beforehand
  • UK 10-Year Gilt yield at 0.48% vs 0.56%
  • FTSE 100 opens up 0.9%

Latest comments

a third of a cent and you make this like big news?
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