Sterling Set To Snap 6-day Decline But Still On Track For Big Monthly Drop

<p>The Sterling was set to snap a six-session losing streak on Thursday as the dollar’s relentless rally paused, but was still on track for a near 4% drop this month as markets trimmed peak rate expectations for the Bank of England. The pound was last up 0.5% against the greenback at $1.2201, having fallen more than 2% in the previous six trading days, its biggest fall in that timeframe since July. Sterling also edged up 0.2% to 86.36 pence per euro , having hit its weakest level in four months earlier this week. The Bank of England last week left interest […]</p>
<p>The post <a rel="nofollow" href="https://vladimirribakov.com/sterling-set-to-snap-6-day-decline-but-still-on-track-for-big-monthly-drop/">Sterling Set To Snap 6-day Decline But Still On Track For Big Monthly Drop</a> appeared first on <a rel="nofollow" href="https://vladimirribakov.com">Vladimir Ribakov</a>.</p>