Pound falls as Bank of England governor says it could become ‘more activist’ on rate cuts – business live

Pound falls as Bank of England governor says it could become ‘more activist’ on rate cuts – business live

Andrew Bailey tells the Guardian the Bank could become a “bit more aggressive” in cutting interest rates if news on inflation continued to be good

Bank of England governor warns of Middle East oil shock risk

Today’s fall means the pound has now lost all its gains against the dollar over the last two weeks, since the US Federal Reserve slashed its lending rate by half of a percent.

The Fed’s ‘jumbo’ rate cut weakened the dollar against the pound (and other currencies).

Continue reading…

Please follow and like us:
Pin Share