Pound slumps amid BoE rate cut bets
Central bank interest rate cut speculation has triggered some notable movement in the currency market over the past couple of weeks.
Central bank interest rate cut speculation has triggered some notable movement in the currency market over the past couple of weeks.
The US dollar struck new multi-month highs in the first half of February, after the Federal Reserve pushed back strongly against bets for an imminent interest rate cut.
We witnessed some notable swings in the currency market over the past couple of weeks, as investors revised interest rate expectations for the Bank of England (BoE), European Central Bank (ECB) and Federal Reserve.
The past couple of weeks have seen the euro face significant pressure amid fears of an impending Eurozone recession.
Trade in the pound has been highly changeable over the past couple of weeks as Bank of England (BoE) interest rate speculation has proven to be a double-edged sword for the currency.
The pound continued to trade with considerable volatility over the past fortnight amid fiscal and political uncertainty in the UK.
Central bank rate decisions inspire volatility in the pound, euro and US dollar