Pound Sterling rises 1% ahead of Bank of England rate rise
It has been an unusual few months for Pound Sterling. The Bank of England, predicting 1.5% economic growth in 2018, announced an unexpected rate rise of 0.25% last November and pushed the UK’s interest rates back up to 0.5% - the level they were between 2009 until 2016. On the surface it wasn’t that big a move, but in reality the repercussions saw the Pound become one of the best performing global currencies.
With the global economy growing at a solid 4%, ...
