Jonathan Cook
on December 11th, 2023 GBP/EUR was little changed last week, as sterling clung to its gains while falling modestly against the US dollar.
There isn’t much debate that the BoE will leave rates unchanged this week. The main point of difference may be how many of its bankers vote for a further increase: three out of the nine MPC members are currently expected to vote for another hike, a sign that there may not be much Christmas spirit in the committee rooms.
GBP/USD: the past year
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