Convera Analysts Say Sterling Looks Attractive as BOE Hike Prospects Rise
Convera's George Vessey and Antonio Ruggiero say sterling is attractive, citing the likelihood of further Bank of England rate increases in coming months and sterling rates among the highest in the G-10.
Sterling looks favorable as the Bank of England looks more likely to increase interest rates in the coming months, Convera's George Vessey and Antonio Ruggiero say in a note. "With sterling rates among the highest in the G-10, the currency remains an attractive proposition," they say. The BOE raise…