Sterling Hits 16-Month High Against Euro on French Debt Concerns, BOE Bets
Sterling extended its rally to a 16-month high against the euro. French debt concerns weighed on the euro, while markets priced a 90% chance of a 25-basis-point Bank of England rate rise in November,
Sterling rises to a 16-month high against the euro, extending its recent rally. Concerns about French debt are weighing on the euro while sterling is boosted by markets pricing a 90% chance the Bank of England will raise rates by 25 basis points in November, However, any rate inc…