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.
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 pound trended broadly higher over the past couple of weeks as some stronger-than-expected UK data releases bolstered Bank of England (BoE) interest rate expectations.
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