Bloomberg Markets and Finance published this video item, entitled “Why 5 Straight BOE Rate Hikes Haven’t Helped the Pound” – below is their description.
The Bank of England has hiked rates at five straight meetings, faster than some of the other major central banks, but the pound hasn’t benefited and volatility gauges depict a bearish outlook for the UK currency. “The market is worried about growth,” says Jane Foley, head of FX strategy at Rabobank. She speaks on Bloomberg Television.
Bloomberg Markets and Finance YouTube Channel
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