Pound on track for biggest fall in 18 months after Bank of England governor hints at ‘more activist’ rate cuts – business live
Andrew Bailey tells the Guardian the Bank could become a “bit more aggressive” in cutting interest rates if news on inflation continued to be goodFull story: Sterling slips after Bank of England boss hints at ‘aggressive’ rate cutsBank of England governor warns of Middle East oil shock riskToday’s fall means the pound has now lost all its gains against the dollar over the last two weeks, since the US Federal Reserve slashed its lending rate by half of a percent.The Fed’s ‘jumbo’ rate cut weakened the dollar against the pound (and other currencies). Continue reading...
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Andrew Bailey tells the Guardian the Bank could become a “bit more aggressive” in cutting interest rates if news on inflation continued to be good
- Full story: Sterling slips after Bank of England boss hints at ‘aggressive’ rate cuts
- Bank of England governor warns of Middle East oil shock risk
Today’s fall means the pound has now lost all its gains against the dollar over the last two weeks, since the US Federal Reserve slashed its lending rate by half of a percent.
The Fed’s ‘jumbo’ rate cut weakened the dollar against the pound (and other currencies).
Continue reading...
