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May 2016

Pound remains range-bound

Published: Friday 27 May 2016

The Pound is range trading today with oil prices dropping and the FTSE being flat.  In the United States, GDP numbers marginally missed expected figures of 0.7, 0.6 as actual but US Dollar has shrugged off this news and continues to trade strongly reflecting the sentiment surrounding an imminent US interest rate rise.  
 
The G7 summit Japan has issued a joint declaration in which they warn Britain leaving the European Union would be a threat to the global economy. Talks about non-economic threats, geopolitical conflicts and the refugee crisis were included in a G7 32-page declaration.

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