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Pound sinking on Monday morning

GBPUSD News by Newsroom on 05:39 January 09, 2017 EST

The year has turned but the weakness of the British pound continues. The UK currency hovers its multi year lows against the dollar and trades at 1.21 at the start of the week and has shed three cents in the last three trading days.

It is not only against the dollar that Sterling is showing weakness. The Australian dollar and other main currencies are seeing gains against its troubled counterpart.