Mumbai, Dec. 2 -- British pound stumbles on Tuesday after United Kingdom (UK) Prime Minister (PM) Keir Starmer stresses bringing inflation and interest rates down to boost business investment and economic growth. Besides, Bank of England (BoE) is expected to cut interest rates in the monetary policy meeting this month amid weakness in the job market and slowing inflation growth. GBP/USD pair is quoting at $1.3201, slightly lower on the day. Bank of England (BoE) Governor Andrew Bailey stated during the European trading session that the focus on maintaining financial stability has become more important than ever, given increased risks. Meanwhile, Britain's central bank on Tuesday cut the amount of capital it estimates lenders need to hold ...
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