Pound Sterling Strengthens as Traders Reduce Bets on Bank of England Rate Cut
===============
#a73498e0 ver:0.76
The Pound Sterling is gaining strength against the US Dollar as traders reduce bets on a Bank of England rate cut. The Pound has had its best two-week performance since November, driven by higher real interest rates in the UK and signs of fatigue in the US economy. Traders now give a 52% chance of a rate cut in August and an 88% chance in September. Bank of America strategists doubt their August rate cut call. #PoundSterling #BankofEngland #interestrates...
#newstr #PoundSterling #UsDollar #UkGrowth #UsEconomy #BankOfEngland #InterestRates
https://here.news/story/a73498e0?ver=0.76
USD/JPY Faces Challenges as US Economic Data Weakens /
npub1jq…l2zf6
2024-07-12 10:55:59
Author Public Key
npub1jqekuqzvfm4zwwxtflqcdh4yd46xrvs2vgupkzvkx6r390lfr08sfl2zf6Published at
2024-07-12 10:55:59Event JSON
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"content": "Pound Sterling Strengthens as Traders Reduce Bets on Bank of England Rate Cut\n===============\t\n#a73498e0 ver:0.76\n\nThe Pound Sterling is gaining strength against the US Dollar as traders reduce bets on a Bank of England rate cut. The Pound has had its best two-week performance since November, driven by higher real interest rates in the UK and signs of fatigue in the US economy. Traders now give a 52% chance of a rate cut in August and an 88% chance in September. Bank of America strategists doubt their August rate cut call. #PoundSterling #BankofEngland #interestrates...\n\n#newstr #PoundSterling #UsDollar #UkGrowth #UsEconomy #BankOfEngland #InterestRates \n\n https://here.news/story/a73498e0?ver=0.76",
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