Dollar Rallies After IMF’s Growth Upgrade, Pound Steadfast After New PM Announced

The ‘growth’ theme seemed to catch traction earlier than expected this week. With July PMIs and the US 2Q GDP ahead, the IMF decided to downgrade its global growth forecasts; but it was a surprise US upgrade that generated the biggest impact.

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Dollar Rallies After IMF’s Growth Upgrade, Pound Steadfast After New PM Announced