Financial Mirror on Nostr: Sterling is on the move - Financial Mirror ========== The British Pound is having its ...
Sterling is on the move - Financial Mirror
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The British Pound is having its best moments against the US dollar and other major currencies in over seven months. The Bank of England is expected to make only two interest rate cuts this year. The UK's economy has proven itself more resilient than anticipated, with better-than-expected economic numbers such as GDP growth and consumer spending. The recent strength in the British Pound against the US Dollar is due to the expectation of fewer interest rate cuts from the Bank of England and the belief that the Federal Reserve will make more interest rate cuts. The author of the article is Naeem Aslam, Chief Investment Officer at Zaye Capital Markets.
#BritishPound #BankOfEngland #UkEconomy #InterestRates
https://www.financialmirror.com/2024/03/09/sterling-is-on-the-move/
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The British Pound is having its best moments against the US dollar and other major currencies in over seven months. The Bank of England is expected to make only two interest rate cuts this year. The UK's economy has proven itself more resilient than anticipated, with better-than-expected economic numbers such as GDP growth and consumer spending. The recent strength in the British Pound against the US Dollar is due to the expectation of fewer interest rate cuts from the Bank of England and the belief that the Federal Reserve will make more interest rate cuts. The author of the article is Naeem Aslam, Chief Investment Officer at Zaye Capital Markets.
#BritishPound #BankOfEngland #UkEconomy #InterestRates
https://www.financialmirror.com/2024/03/09/sterling-is-on-the-move/