The Pound Sterling (GBP) refreshes over a four-month low below the round level of 1.2700 against the US Dollar (USD) in Thursday’s London session.
The Pound Sterling posts a fresh over four-month low near 1.2660 against the US Dollar on confirmation that Trump will control both US houses. An expected acceleration in US inflation keeps the Fed on course to cut interest rates in December. Investors await Fed Powell and BoE Bailey’s speeches in the North American session. The Pound Sterling refreshes over a four-month low below the round level of 1.2700 against the US Dollar in Thursday’s London session.
Meanwhile, BoE external policy member Catherine Mannsaid in a panel discussion organized by BNP Paribas on Wednesday that the progress in the disinflation process could slow down as energy prices are more likely to rise than fall and highlighted inflation in the service sector as pretty sticky, Bloomberg reported. Investors should note that Mann is an outspoken hawk who voted to leave interest rates unchanged at 5% in last week’s monetary policy meeting.
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