UPDATE 1-Sterling in limbo with markets bearish on dollar and bullish on euro [Reuters]
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Source: Reuters
UPDATE 1-Sterling in limbo with markets bearish on dollar and bullish on euro * Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates throughout, adds comment and chart) By Joice Alves LONDON, Aug 10 (Reuters) - Sterling gained against a slightly stronger dollar on Monday after failing to hold onto last week’s five-month high of $1.3185, with traders expecting further swings. The pound was up 0.3% to $1.3093 at 1351 GMT after earlier falling 0.2% to $1.3020, with investors focused on fiscal stimulus in the United States. Sterling gained 0.3% at 89.98 pence per euro. “The market is bearish dollar, bullish euro, but in terms of sterling the market doesn’t have a strong view,” Athanasios Vamvakidis, global head G10 FX strategy at Bank of America Merrill Lynch, said. UK unemployment and GDP data due this week could produce some short-term volatility, analysts said. Sterling “could remain without a clear direction
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