Pound v Euro: Pound rallies as UK service sector shows impressive growth

Pound v Euro: Pound rallies as UK service sector shows impressive growth
 

GBP/EUR is currently at around €1.122, up around 0.2 per cent from this morning starting levels but still a staggering 1.6 per cent down from yesterday’s best levels.
Sterling sentiment took a heavy blow in the wake of the BoE’s latest policy meeting yesterday as policy makers signalled that yesterday’s rate hike was likely to be a one-off.
With most investors having already priced in the Monetary Policy Committee’s (MPC) decision to raise interest rates at their November meeting, the pound sank as hopes of a start to a new tightening cycle were shattered.
In speaking to the BBC yesterday... read more

 
3 November 2017 in Business, Views: 42
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