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Sterling continues to drop

Holly by Holly
20/07/2023
in GBP exchange rate, News
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GBP/USD fell 0.2% to 1.2916, continuing to slump after Wednesday’s 0.7% fall, following British inflation falling more than expected in June.

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The CPI release hit market expectations of further aggressive rate hikes from the Bank of England, with the prospect of Britain’s rates rising above 6%, from the current 5%, now likely off the table.

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MydayFinance (www.mydayfinance.com) is a comprehensive foreign exchange industry website, providing global users with 24-hour comprehensive and timely foreign exchange market information, foreign exchange rate real-time query, foreign exchange rate conversion and other content.

Recent Posts

  • Do I Need Swiss Francs in Zurich? 03/10/2024
  • What is the BOJ Interest Rate? 03/10/2024
  • What is the Purpose of the RBA Audit? 03/10/2024
  • Where to Invest When the Fed Cuts Rates? 03/10/2024
  • Is PBOC a Central Bank? 03/10/2024

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Copyright © 2024 mydayfinance.com MydayFinance (www.mydayfinance.com) is a comprehensive foreign exchange industry website, providing global users with 24-hour comprehensive and timely foreign exchange market information, foreign exchange rate real-time query, foreign exchange rate conversion and other content.