After showing weakness so far this week, the pound is stronger this morning ahead of the Bank of England’s interest rate decision. It is thought that more interest rate hikes are on the way, which contrasts with recent announcements from other central banks, such as the Federal Reserve and the ECB.
The dollar has taken a hit after the Federal Reserve hinted that interest rate cuts could be implemented as early as next month, whilst the euro is attempting to bounce back following its drop on Tuesday.
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