A falling pound will be the next inflation shock
War drums at Threadneedle Street essentially explain the pound’s latest spike. The Bank of England is the first of the major western central banks to raise interest…
Traders bet £3.5bn against pound after omicron surge
It has since recovered to a little under $1.35, but is still below the level of more than $1.38 hit in October when it seemed as if…
Traders short the pound as Bank of England abandons interest rate rise
Markets have become the most bearish on sterling in more than two years after traders built short bets against the pound amid omicron fears and expectations that…