Jonathan Cook
on November 30th, 2023 Sterling is nearing two-month highs against the euro, having fought off a USD/GBP rally to open today in a similar position against the US dollar.
Even as the Bank has attempted to stem the flow of credit through interest rates, October’s figures showed that new mortgage lending had rebounded, as consumers continue to grit their teeth and absorb tougher rates.
GBP/USD: the past year
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