Pound gains 1% on euro
[vc_row][vc_column width=”1/4″][vc_single_image image=”2948″][/vc_column][vc_column width=”3/4″][vc_column_text]It was another strong day for the pound after a sluggish start saw it gain 1% on the euro and 0.5% on the dollar as many investors believe that the BOE may hint at raising interest rates soon when they meet at their quarterly inflation meeting today. With many suggesting Brexit-related caution, Mark Carney may surprise with a more front foot approach at today’s Inflation Report as it revises up its near-term growth forecast and highlights growing underlying inflationary risks.
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* Information courtesy of Callum McGrouther, Corporate Dealer, Currencies Direct
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