Sterling may look to rally following Thursday’s Bank of England interest rate decision with a sizeable reduction likely, but volatility will remain a key short-term feature
The UK currency found support near 1.56 against the dollar on Tuesday and then secured a significant advance as the US currency stumbled. Sterling was unable to sustain a move above 1.60 and dipped to lows beyond 0.81 against the Euro.
Pressure on Bank of England
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