Sterling ticks lower as traders brace for busy week.The pound dipped on Monday, although volatility remained contained, as investors prepared for an action-packed week that, among other things, could bring a U.S. rate cut.
United Kingdom CFTC GBP NC Net Positions down to £-203K from previous £-16.8K.United Kingdom CFTC GBP NC Net Positions down to £-203K from previous £-16.8K
Post-budget rally keeps sterling hovering around five-week high.Sterling edged up against the dollar and was set for its second consecutive week on the rise as budget worries receded and a revision of UK business activity this week offered some support.
Bank of England and FCA announce plans to support growth of mutuals sector.Regulators at the Bank of England and the Financial Conduct Authority on Friday announced a package of measures aimed at supporting Britain's mutuals sector.