Sterling steadies close to its recent highs, focus on BoE

Published by
Reuters UK

By Stefano Rebaudo (Reuters) – Sterling steadied on Wednesday within striking distance to its recent highs versus the dollar and the euro, as investors focused on possible rate increases from the Bank of England. The pound has strengthened recently as investors ramped up expectations of further rate rises while Britain’s focus on rolling out booster vaccinations rather than returning to coronavirus lockdown measures boosted risk sentiment. Meanwhile, markets were unwilling to price in risks of domestic political instability, although Prime Minister Boris Johnson has faced intense scrutiny afte…

Read More

Leave a Reply