Currencies Brief – 23rd August 2017

The pound was holding opening levels or rebounding this morning says Currencies Direct, the UK based foreign exchange broker and hassle free international payment provider. The full article can be read in this link - https://www.currenciesdirect.com/en/news/currency-news/uk-borrowing-figures-put-the-pound-on-the-decline

Dollar edged down against yen after Trump referred to his vow and said, "If we have to close down the government, we are building that wall." The full article can be read in this link - https://in.reuters.com/article/uk-global-forex-idUSKCN1B203I

Pound has fallen below $1.28, first time since late June. The full article can be read in this link - https://in.reuters.com/article/uk-britain-sterling-idUSKCN1B20TE

Struggling pound has dropped to eight-week low, as companies are cautious in their investment owing to Brexit concerns. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-23/pound-drops-to-near-two-month-low-as-u-k-softens-brexit-stance

The rupee is likely to trade in the range of 63.50-65.00 range next few weeks, dealers said. It closed at 64.11 per dollar on Tuesday, a tad higher than a day earlier. Rupee is expected to turn volatile ahead of Jackson Hole. The full article can be read in this link  -http://economictimes.indiatimes.com/markets/forex/how-jackson-hole-may-impact-rupee/articleshow/60181431.cms

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