British Pound Sinks and the Dollar Sags


The British pound is sinking, and the World Bank is down on the dollar. Here's your daily FX Fix.

The World Bank expects the dollar to lose its global dominance by 2025. [FT]

The dollar was lower against most major currencies this morning as investors' risk appetite returned - sort of. [WSJ]

The British pound sagged after the Bank of England released minutes from its May meeting. [FT]

The euro moved lower on concerns about Greece. Talk now is of a "soft" restructuring. [Reuters]

Moody's downgraded several top Australian banks, but the Australian dollar is stronger anyway. [WSJ]


Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm.

"Money in Motion Currency Trading" repeats on Saturdays at 7pm.