
Pound Sterling Weakens as Markets Await US Inflation Data
The Pound Sterling is trading near a seven-week low against the U.S. Dollar as investors await key U.S. inflation data that will guide Fed policy.
Eleanor Vance is a London-based markets correspondent for Wealtoro, specializing in European monetary policy, foreign exchange markets, and UK economic indicators. She provides analysis on the Bank of England and its impact on the Pound Sterling.
The Pound Sterling is trading near a seven-week low against the U.S. Dollar as investors await key U.S. inflation data that will guide Fed policy.
The euro has weakened against the U.S. dollar, falling towards $1.178 after Germany's Ifo Business Climate Index dropped to a four-month low in September.
The British Pound fell to its lowest level in over two weeks against the US Dollar, trading near 1.3435 amid broad strength in the greenback.
Bank of England Governor Andrew Bailey has signaled that further interest rate cuts are likely, but the timing will depend on inflation's path.
European fund managers are growing more optimistic about equities, driven by easing inflation and expectations of central bank support, a new survey shows.
The British Pound fell over 0.5% against the US Dollar, dropping below the 1.3600 level after the Bank of England voted 7-2 to keep interest rates steady.