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Sterling rebounded from three-month lows to trade around $1.324, supported by easing oil prices and a stabilization in global bond markets that boosted risk appetite, as investors also weighed hawkish remarks from Bank of England policymakers. Brent retreated after US President Donald Trump ruled out an attack on Iran
The pound rose against the dollar and euro as investors priced in a higher chance of a November BoE rate hike. Bailey and Ramsden flagged rising inflation risks from high energy prices.
By Samuel IndykThe pound rebounded from multi-month lows against both the dollar and the euro on Monday as investors priced in tighter monetary policy from the Bank of England as inflation pressures build.Sterling FX:GBPUSD was last up 0.1% against the dollar at $1.3259, rising from a three-month l…