Andrew Bailey tells the Guardian the Bank could become a “bit more aggressive” in cutting interest rates if news on inflation continued to be goodBank of England governor warns of Middle East oil shock riskToday’s fall means the pound has now lost all its gains against the dollar over the last two weeks, since the US Federal Reserve slashed its lending rate by half of a percent.The Fed’s ‘jumbo’ rate cut weakened the dollar against the pound (and other currencies). Continue reading…
Andrew Bailey tells the Guardian the Bank could become a “bit more aggressive” in cutting interest rates if news on inflation continued to be good
Bank of England governor warns of Middle East oil shock risk
Today’s fall means the pound has now lost all its gains against the dollar over the last two weeks, since the US Federal Reserve slashed its lending rate by half of a percent.
The Fed’s ‘jumbo’ rate cut weakened the dollar against the pound (and other currencies).