Jonathan Cook
on February 12th, 2024 The pound trended slightly upwards against the euro while remaining little changed against the US dollar last week.
UK inflation figures due on Wednesday could burst the balloon of anyone hoping the Bank of England will lower interest rates. Most outlets in the know are forecasting the headline figure to nudge up, although that is expected to be reversed over the first half of this year.
GBP/USD: the past year
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