June 12, 2023 – Written by John Cameron
Leave a comment STORY LINK Pound US Dollar Exchange Rate News: GBP/USD Wavered on Central Bank Uncertainties
Pound (GBP) Undermined by Underlying Economic Concerns
The Pound (GBP) found modest strength to open the week with amid elevated interest rate hike bets from the Bank of England (BoE). With a quiet trading calendar to kick the week off, economic growth and labour market data are due to print this week.
Propping Sterling up on Monday were comments from BoE external policymaker Jonathan Haskel writing in the Scotsman newspaper. Talking about the inflationary pressures currently gripping the UK economy, Haskel warns that embedded inflation…
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