Pound RISES against euro and could JUMP after interest rate update from Bank of England

Pound RISES against euro and could JUMP after interest rate update from Bank of England
 

Sterling was back at one-month highs against the eurozone currency as markets awaited the interest rate decision from the Bank of England. 
Soaring inflation and low unemployment has raised expectations that more that two of the nine MPC members could vote for an immediate base rate hike from 0.25 per cent to 0.5 per cent.
The pound tends to strengthen when the chance of an interest rate increase is higher.
Bank of England chief economist Andy Haldane is thought to be one MPC member who could join Michael Saunders and Ian McCafferty in calling for rates to rise.
Some experts think that... read more

 
Wednesday, 17:06 in Business, Views: 49
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