The positive market mood and increasing wage pressures have boosted the pound on Tuesday. This has increased expectations for further large rate hikes by the Bank of England (BoE).
Tag: Andrew Bailey
Sterling has recovered on news that the Bank of England (BoE) may hike interest rates further. The cheerful market mood has helped to support the British currency.
The GBP/USD pair has weakened on Thursday morning, as cautious sentiment prevailed in the market ahead of Bank of England’s monetary policy meeting.