The British Pound trades higher against the Euro and Dollar after the head of the Bank of England was hesitant to greenlight a faster pace of interest rate cuts.
The British Pound could benefit over the coming months from an expansionary budget.
Pound Sterling Drops Against Euro and Dollar After Core Inflation Sees Biggest Monthly Fall in 25 Years
- Category: GBP
UK inflation fell to 1.7% year-on-year in September, prompting a selloff in the British Pound.
Pound Sterling to Test Fresh Multi-week Lows vs. Euro and Dollar as Inflation is Set to Dip
- Category: GBP
The British Pound risks falling next week as inflation falls below the 2.0% target again.