Pound Dips Despite Hawkish BoE Talk By Investing.com – Investing.com
- Date: 19-Oct-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Pound Dips Despite Hawkish BoE Talk By Investing.com – Investing.com
By Sam Boughedda
Investing.com — On Monday, the pound dipped against most other major currencies, notwithstanding hawkish talk from the BoE and banks saying they see a hike in rates as likely in November.
Sterling slipped 0.12% against the dollar to $1.3728 heading into the U.S. close, despite hawkish comments from Bank of England Governor Andrew Bailey over the weekend, who said they “will have to act” as energy prices drive consumer costs higher.
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