Sterling slips after dollar rebound; focus on Bank of England
- Date: 17-Sep-2020
- Source: Gulf Today
- Sector:Financial Services
- Country:Gulf
Sterling slips after dollar rebound; focus on Bank of England
Sterling slips after dollar rebound; focus on Bank of England
an hour ago
Picture used for illustrative purpose. File
The pound's recent recovery against a weaker dollar was interrupted on Thursday when the dollar strengthened following the US Federal Reserve meeting, while investors' attention turned to the Bank of England's policy meeting.
The Fed decided to keep interest rates on hold in the near future, disappointing investors who had bet that the Fed might unveil more policy easing.
The dollar saw its biggest daily rise in more than a week and riskier currencies - including the pound - lost out.
Attention is now focused on the Bank of England's monetary policy meeting, the minutes of which will be published at 11:00 GMT.
The bank is widely expected to hold fire on new policy measures and send only