October 4, 2024 – Written by David Woodsmith
STORY LINK Pound Sterling Today: GBP/EUR, GBP/USD Slide on Dovish BoE Bailey Rhetoric
The pound dipped sharply in Asian trading on Thursday following a media interview by Bank of England Governor Bailey.
Bailey hinted at a faster rate of interest rate cuts and, in response, the Pound to Euro (GBP/EUR) exchange rate sliding to 1.1905 from just above 1.20.
The Euro-Zone PMI services-sector business confidence index was revised higher to 51.4 from the flash reading of 50.5 which…
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