Turnaround Tuesday for Pound Sterling
- Category: GBP
Falling stock markets and deepening pessimism ahead of the government's budget are weighing on the British Pound.
A new report on the UK jobs market looks set to keep Pound Sterling under pressure.
It's not quite comeback Friday for the British Pound, but it has stabilised following its sharp fall on Thursday, helped by Bank of England Chief Economist Huw Pill.
Why did Andrew Bailey decide now was the time to flip the Bank of England's message on interest rates? It could have to do with the value of the Pound.