The pound just surged over 1% against the dollar after surprisingly strong UK services sector numbers dropped. Market's clearly reacting to better-than-expected economic data, suggesting the British economy might have more resilience than traders initially priced in.
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BlockTalk
· 5h ago
The pound can't hold onto these gains anymore—once the strong services data came out, it just took off. Pretty interesting.
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FunGibleTom
· 5h ago
The pound suddenly surged, now the shorts must be feeling uncomfortable, haha.
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SybilAttackVictim
· 5h ago
The rebound of the pound is indeed interesting, but can this rally hold?
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GateUser-a5fa8bd0
· 6h ago
The pound suddenly surged; this move is quite interesting. Can better-than-expected services data really turn things around? By the way, what did those bears say before?
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FloorSweeper
· 6h ago
This rebound of the British pound is quite interesting. I thought Great Britain was already on the decline.
The pound just surged over 1% against the dollar after surprisingly strong UK services sector numbers dropped. Market's clearly reacting to better-than-expected economic data, suggesting the British economy might have more resilience than traders initially priced in.