By Barbara Zigah The Pound Sterling had been trending higher this week, with investors anticipating that inflationary pressures would likely coerce the Bank of England’s MPC to take a more hawkish position on rate hikes. Even so, many investors exercised caution, concerned that the release of U.K. GDP data might show that growth of the [...]
Tag Archives: pound sterling
Opinions On Rate Hike In BoE Still Mixed, Sterling On The Rise
By Barbara Zigah The Bank of England earlier today released the minutes of its February 9th and 10th Monetary Policy Committee meeting. As tradition warrants, the minutes contained the MPC’s consensual opinion/analysis of the financial markets and the international economies, in general, as well as the U.K. economy, in particular. Thereafter, collectively, the MPC offered [...]
The Pound Volatile on Middle East Tensions
By David Becker The pound declined nearly a big figure as tensions in the Middle East detracted from riskier assets. As investors looked to safe havens such as the Gilt and the US Treasury, the Sterling remained under pressure. Ten-year gilts climbed for a second day, reducing yields by five basis points to 3.69 percent. [...]
