Sterling rebounds on bets for tighter Bank of England policy
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.
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Sterling rebounds against dollar, euro on bets for tighter BoE policy
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…