Jonathan Cook
on January 11th, 2024 GBP/EUR fell by just 0.1% yesterday but sterling climbed by a third of a per cent over the US dollar.
BoE governor Andrew Bailey didn’t say as much as perhaps markets hoped during yesterday’s remarks. He approved of high street banks reducing the cost of their mortgage products, but expects pressure to grow on him to provide clarity ahead of what is sure to be a volatile year.
GBP/USD: the past year
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