The British pound has fallen to its lowest point in two months. This happened as the US dollar strengthened due to expectations of interest rate hikes in America. The Bank of England decided to keep borrowing costs unchanged. This cautious approach by the Bank of England contrasts with recent moves by other central banks.
The British pound has fallen to a two-month low against a surging US dollar. This decline is due to expectations of US interest rate hikes. Meanwhile, the Bank of England's decision to hold its borrowing costs unchanged further pressured the pound, highlighting a cautious stance…
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