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Currency: The pound sterling falls on Monday

17/04/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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On the eve of a week full of economic data that will set the tone for the next Bank of England meeting and the short-term evolution of the British currency, the pound fell on Monday.

The pound fell 0.1% against the dollar to $1.24005. After being one of the main beneficiaries of the recent weakness of the dollar due to market expectations that a spike in US rates was imminent, before suffering a slight return of the greenback on Friday, the pound reached its highest level in 10 months last Thursday, at $1.2545

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