May 8, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound Sterling Continues to Slide vs Euro and Dollar Ahead of Thursday’s BoE Meeting
The pound is the weakest G7 currency in May so far.
Meanwhile, the FTSE is showing relative strength and has been making new all-time highs.
This indicates the market is anticipating and positioning for a dovish BoE meeting.
The bank may signal a cut is likely in June, which could drop the pound even further.
