Sterling continues its gains versus the Euro and US Dollar as the moment for an interest rate hike seems to near.
Despite the Bank of England (BoE) Monetary Policy Committee (MPC) voting to keep the benchmark rate on hold for a further month, commentary from key members indicating a rate rise in the short term has sent the pound soaring. Sterling is now the world’s best-performing currency in September.
The pound has rebounded dramatically from two weeks ago, when it fell to its lowest point against the Euro since 2009; this morning sterling was 6% higher and also hit a post Brexit high versus the US Dollar.
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