The pound rallied yesterday due to a confident stance from the Bank of England ahead of their policy meeting. Today, sterling shows strength against the dollar and is mixed against the euro.
Compared to dovish statements from both the ECB and the Federal Reserve this week, the Bank of England has suggested a more positive outlook for the British economy and has hinted that interest rate hikes may be on their way.
This comes ahead of the Bank of England’s policy meeting, which is due to take place today.
Rory Stewart was the latest candidate to be knocked out of the Conservative leadership race yesterday, after securing just 27 votes. Once again, Boris Johnson was the front runner by quite a way. Today, MPs will vote twice to whittle the candidates down to the final two.
