Nov 3rd, 2017: Pound Sinks on Dovish Rate Hike

Morning Report: 07.00 London The British Pound is subdued this morning despite the MPC increasing rates by 0.25% to 0.50%. The pound’s slump came because traders had started to price in more rate hikes than now seem apparent. Analysts now expect just two rate hikes before 2020. The EUR/GBP is now up nearly 1% for […]