Summary by Ground News Sterling hits highest level against US dollar since early August and posts best monthly gain since 2020. FTSE 100 live: Festive rally stalls while sterling climbs above $1.28. Pound slumps as City cuts Bank of England interest rate bets after shock inflation fall. Share menu More
Filters 1 Articles 1 Articles All Left Center Right
City AM Sterling could climb to $1.35 despite Bank of England rate cuts Sterling could climb to around $1.35 next year if the UK economy outperforms the array of gloomy forecasts predicting sluggish growth in 2024. Despite traders predicting that the Bank of England will start cutting interest rates in the first half of next year, sterling has remained relatively strong. Lower rate expectations tend to hit currencies as it suggests investors will receive a lower rate of return on their investments, but this mornin…
7 hours ago · London, United Kingdom Read Full Article
City AM
Sterling could climb to $1.35 despite Bank of England rate cuts Sterling could climb to around $1.35 next year if the UK economy outperforms the array of gloomy forecasts predicting sluggish growth in 2024. Despite traders predicting that the Bank of England will start cutting interest rates in the first half of next year, sterling has remained relatively strong. Lower rate expectations tend to hit currencies as it suggests investors will receive a lower rate of return on their investments, but this mornin…
7 hours ago · London, United Kingdom Read Full Article Think freely. Subscribe and get full access to Ground News Subscriptions start at $9.99/year Subscribe
