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Sterling Soars Ahead of Key UK Economic Data: What's at Stake?
The British pound regains strength as investors eagerly await important UK economic data this week. Analysts divided on Bank of England's potential interest rate cut.
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CuttNews -
2024-09-16
The British pound, also known as Sterling, has experienced a significant increase of 0.5% against the US dollar, reaching $1.3190. This recovery comes after a slight decline last week and coincides with the upcoming release of key UK economic data. Traders and investors are eagerly awaiting this information to make informed decisions.
The Bank of England (BoE) meeting and inflation data release are the two main drivers behind the growing anticipation in the market. While it is expected that the BoE will maintain interest rates at their current level, futures markets are signaling a 38% chance ... clique aqui para ler mais.
