Bank of England’s latest rate decision
It was another week of volatility for currencies last week, with the pound showing some movement in the wake of the rate decision form the Bank of England
It was another week of volatility for currencies last week, with the pound showing some movement in the wake of the rate decision form the Bank of England
The pound weakens and was placed on the back foot again yesterday as a disappointing services PMI weighed heavily on Sterling sentiment.
The pound got off to a mixed start this week, with investors initially skittish in reaction to the resignation of the Home Secretary, Amber Rudd.
The pound struck higher against the majority of its peers as the UK currency found considerable strength from a faster-than-expected uptick in wage growth.
The pound was hit by volatility again last week due to some disappointing economic data and rising speculation of a BoE rate speculation and hike.
The pound was hit by volatility again last week as some mixed economic data and Brexit developments weighed on the currency.
Investors flock to US dollar. Last week saw the pound fluctuate following the Bank of England’s latest policy meeting and comments from Michel Barnier.