The pound was the world’s top-performing major currency in September, having its best month in more than two years on expectations of a Bank of England interest-rate increase in November. “I suspect that’s the bulk of the strength sterling will get from the rate hike,” said Standard Bank strategistSteven Barrow, who sees the pound falling to $1.28 by year-end, from around $1.34 on Sept. 29. “By the time we get to the actual hike itself, the market is more likely to react in a negative way.”
Source: Bloomberg Pro Terminal
Trader I. Ivanov
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