GBP/USD Favors The Downside Amid Political Worries, BOE Echoes
Wednesday, November 8, 2017 12:18 PM EDT
Why is Sterling weak? The mean reason is the dovish hike from the BOE. Nearly a week after that move, the pair finds it hard to recover. The Bank of England seemed very reluctant to raise interest rates and clearly signaled it is a one-off.
In this article: GBBEF