Jonathan Cook
on November 29th, 2023 The pound touched its highest level in months against the US dollar and continues to make smaller gains against the euro.
BofE governor Andrew Bailey warned on Monday that rates would remain elevated for the foreseeable future, and Jonathan Haskal reiterated that stance yesterday. The UK’s central bankers seem to be making the firmest statements in favour of elevated rates, further strengthening sterling.
GBP/USD: the past year
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