TD Securities Sees Sterling Falling Against Euro Despite BOE Tightening
TD Securities strategists say sterling could weaken against the euro for the rest of the year despite the Bank of England’s rate increase and signal of possible further tightening. Markets assign a greater likelihood to a December rate increase.
Sterling could correct lower against the euro for the remainder of this year even after the Bank of England raised interest rates and signalled further potential tightening Thursday, TD Securities strategists say in a note. Markets are assigning a greater likelihood of a December rate increase but…