Renewed Bank of England (BoE) interest rate hike bets lifted the Pound (GBP) yesterday following a hotter-than-expected consumer price index. UK inflation remained in double digits at 10.1%, rather than easing to 9.8%, prompting expectations that the BoE will raise interest rates again next month. Movement could be more subdued today amid a lack of economic data. Ongoing BoE bets could help Sterling hold strong.
Published on 26/04/2023
By Michael S.