With the Bank of England predicted to continue increasing interest rates, the pound has surged and is now recognized as the best-performing currency among developed economies this year.
Sterling has crashed to its weakest level in almost four decades
The battered British pound plunged to its lowest level since 1985 against the U.S. Dollar on Wednesday. This was due to investors selling off British assets amid a grim economic
Trader’s Café with Zak Mir: A Week In Small Caps, Saturday 27th August 2022
Just when you might have thought the worst was over for the stock market, Fed Chair Jerome Powell, via Jackson Hole, threw a spanner in the works.
The Bank of England has announced its biggest interest rate rise in 27 years.
To keep inflation under control, policymakers increased interest rates by 0.5% to 1.75% on Thursday. This was in an effort to maintain a lid on inflation which is expected to
Inflation in the UK reaches a 10-year high, which bolsters rate hike bets
As household energy bills rise, British inflation has risen to a 10-year high. This bolsters expectations that the Bank of England will increase interest rates in December. It did so