Guest Sam Bouman Posted January 22, 2020 Share Posted January 22, 2020 Why has the GBP rallied so much today? Quote Link to comment Share on other sites More sharing options...
0 Djamel Brahimi Posted January 22, 2020 Share Posted January 22, 2020 The GBP rallied as for the last couple of weeks traders had been pricing in a 71% chance of a BoE rate cut. However, this was based on reported data from before the election. Since then we have seen post election data pick up and some positive news for the UK economy such as European banks opening offices in London. This has meant that the chance of a rate cut has fallen and now traders are maybe changing their mind on the potential for a rate cut. The UK manufacturing data coming out on Friday will be key in determining if this rally in the £ can continue. Quote Link to comment Share on other sites More sharing options...
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Guest Sam Bouman
Why has the GBP rallied so much today?
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