Pound Sterling Sees Divergent Fortunes Against Euro and Dollar as 'Trump Trade' Extends
- Category: GBP
The Pound plugged fresh multi-week lows against the Dollar on Thursday while it firmed against the key €1.20 level against the Euro.
Pound Sterling rose as an initial reaction to indications that the Bank of England will maintain a cautious approach to cutting interest rates.
Pound Sterling edges lower against the Euro and Dollar amidst uncertainty surrounding the U.S. Presidential vote outcome.
The jitters in Sterling bond and currency markets will likely fade, argue Bank of America.