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GBP strengthens after BOE holds rates
Last week, sterling hit 30-month highs against the US dollar and 25-month highs against the Euro, as the Bank of England (BoE) voted 8-1 to hold the bank rate at 5.00%. BoE Governor Andrew Bailey justified the unchanged rate, stating that it is "vital that inflation stays low" and that the BoE needs to "be careful not to cut [rates] too fast or by too much." This came a day after UK inflation was released at 2.2%, in...
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For the year ended December 2023
*Trading volumes represent flow measured as single leg transaction volume.
**Source: Post-service NPS score, as of July 2024. +6 points from December 2023
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