The British pound was lower Friday, but losses were contained after interest-rate supportive comments from Bank of England Deputy Governor Dave Ramsden. In an interview with Bloomberg that published Friday, Ramsden said if Prime Minister Boris Johnson’s Brexit deal is approved by Parliament on Saturday, the central bank’s guidance that says a clean exit from the EU means “limited and gradual” interest-rate hikes would apply. The pound surged Thursday on news that the EU and U.K. had agreed on a framework for a Brexit deal, but came off those gains. The pound last traded at $1.2866, off 0.2% against the dollar from a late-Thursday level of $1.2890 in North America.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
- The Conversation: Here’s the truth about mail-in voting: fair, safe and honest - July 16, 2020
- The Margin: Watch: Violence erupts when a Spirit Airlines employee tells three women that their flight has been delayed - July 16, 2020
- Key Words: Longtime Elon Musk critic has a strong message for investors looking to bet against Tesla - July 16, 2020