Business · 1 hour ago

Pound rebounds: What 85% chance of a rate hike means

Sterling clawed back ground against the dollar and the euro on Monday as shifting market bets point to tighter monetary policy ahead. Andrew Bailey, the Bank of England governor, warned that persistent energy costs complicate holding interest rates steady. Money markets are now pricing in an 85% likelihood of a quarter-point hike to 4% at the November meeting.

By BriefTea Editorial · 28 September 2026 at 11:50

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