Sterling dips as stock rout boosts dollar, outweighs rate rise boost | live
LONDON, Nov 6 (Reuters) - The pound fell against the dollar on Friday, as a stock market selloff hit currencies more geared towards global growth, while holding broadly steady against the euro around a 19-month high. "The market impact of yesterday's BoE policy update was overshadowed by the deepening selloff for AI-related investments," said Lee Hardman, senior currency analyst at MUFG.
LONDON, Nov 6 (Reuters) - The pound fell against the dollar on Friday, as a stock market selloff hit currencies more geared towards global growth, while holding broadly steady against the euro around a 19-month high. "The market impact of yesterday's BoE policy update was overshadowed by the deepening selloff for AI-related investments," said Lee Hardman, senior currency analyst at MUFG.
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