Sterling strengthened decisively yesterday morning and early afternoon against all currencies. However, while it held onto some of those gains against the US dollar and Japanese yen they were reversed against most other rivals.
A report in the FT this morning says that the Bank of England is to delay the sale of billions of pounds of government bonds in an effort to stabilise the bond markets.
Jeremy Hunt’s statement was the only event of note yesterday on the financial markets for the UK, but tomorrow is the inflation rate for September. On Friday it will be GfK Consumer Confidence and also Retail Sales.
GBP/EUR past year
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