Analyst Says Sterling Could Gain if BOE Raises Rates Again
Kudo.com’s Konstantinos Chrysikos says sterling has room to gain if the Bank of England raises rates again. The BOE raised its bank rate to 4% on Thursday, its first hike in more than three years, and signalled further tightening.
Sterling has room to gain if the Bank of England raises interest again, Kudo.com's Konstantinos Chrysikos says in a note. On Thursday, the BOE delivered its first interest-rate hike in over three years, bringing the bank rate to 4%. The BOE also signalled further tightening if tension in the Middle…