The British pound has dropped below $1.23, reaching its lowest level since Nov 2023. A mix of domestic challenges, including potential BoE rate cuts, fiscal concerns, and global trade tensions weigh heavily on the currency.
The British pound fell ~1.15% today, retreating from its recent highs as the Bank of England hinted at potential interest rate cuts. Market expectations are shifting towards a possible 25 basis point reduction in November, influenced by inflation trends.
The British pound has dropped below $1.23, reaching its lowest level since Nov 2023. A mix of domestic challenges, including potential BoE rate cuts, ...
Sterling continues to outperform major peers but faces potential headwinds with sticky services inflation and expectations of future BoE rate cuts. ...
The British pound fell ~1.15% today, retreating from its recent highs as the Bank of England hinted at potential interest rate cuts. Market expectatio...
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