Business · 46 minutes ago
Pound stays mostly flat as markets await Bank of England rate decision
The currency hovered near $1.33 on Thursday following a move by the American central bank to raise US borrowing costs. City experts expect the Bank of England to leave domestic rates alone, even though UK inflation hit 3.1% in August to mark a five-month peak. Investors still predict two separate rate increases before 2026 finishes as policymakers try to manage soaring energy bills.
Reported by Reuters · How we write briefs