May 22, 2024 – Written by John Cameron
STORY LINK Pound Sterling: Positive Global Sentiment Underpins Currency, GBP/EUR Hits May Highs
The Pound has made headway during Tuesday despite nerves ahead of the latest UK inflation data.
HSBC commented; “Since the last Monetary Policy Committee (MPC) meeting, it has been well understood that the June rate cut scenario depends on this week’s CPI and the next one due June 19.”
Expectations of ECB and Bank of Canada June interest rate cuts have helped underpin the Pound…
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