Sterling Rises as Earlier Falls Look Overdone

Sterling rose modestly as the BOE chief economist’s signals for gradual rate cuts suggested markets overreacted to earlier remarks from the central bank’s Governor about the prospect of faster rate cuts, Ebury said.

Sterling rose modestly as the BOE chief economist’s signals for gradual rate cuts suggested markets overreacted to earlier remarks from the central bank’s Governor about the prospect of faster rate cuts, Ebury said.