HELLO FROM EURO FX EURO = 0.8600 STG = 1.1200
BoE Comments Provoke Pound Volatility.
Pound News: Signs of BoE Hawkishness Prompted Sterling Volatility
Pound (GBP) exchange rates surged higher on Tuesday morning thanks to comments from Bank of England (BoE) policymaker Gertjan Vlieghe.
As Vlieghe suggested that interest rates could rise six times over the next three years the mood towards the Pound naturally improved, although the boost ultimately proved short-lived.
Any uptick from today’s UK consumer price index data could encourage fresh gains for GBP exchange rates if signs point towards higher inflation.