The release of softer UK CPI data has pushed the pound lower and increased Bank of England (BoE) rate-cut expectations.
Read the article to discover interesting facts about the pound, the official currency of the United Kingdom.
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).
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.