July 10, 2024 – Written by John Cameron
STORY LINK Pound to Euro: Hawkish BoE Rhetoric Boosts Sterling Exchange Rates
French politics and Bank of England (BoE) interest rate expectations have been key drivers for the Pound against the Euro during Wednesday.
Hawkish rhetoric from BoE Chief economist was the key element boosting the Pound and GBP/EUR hit 3-week highs around 1.1860 even though the Euro held its own in global markets.
According to Bank of England chief economist Pill, when-rather-than-if characterization of prospective rate cuts…
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