May 31, 2023 – Written by John Cameron
Leave a comment STORY LINK Pound Canadian Dollar Exchange Rate News: GBP/CAD Wavered amid Elevated BoE Rate Hike Bets
Pound (GBP) Underpinned by Rate Hike Expectations
The Pound (GBP) found modest strength against many of its peers on Wednesday despite a lack of major economic data. Elevated interest rate hike expectations could have kept Sterling supported amid the prospect of several more rate hikes in the coming months.
With last week’s surprise inflation reading, which saw core inflation unexpectedly soar and headline CPI cooling less than expected. With expectations of the Bank of England (BoE) reaching the end of their aggressive…
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