GBP to USD Exchange Rate Hits New January Worst as BoE Negative Rate Bets Rise
January 11, 2021 - Written by Tim Boyer Concerns about surges of coronavirus infections in Britain, combined with rising speculation that the Bank of England (BoE) could introduce negative interest rates soon, have left the British Pound to US Dollar (GBP/USD) exchange rate tumbling today. A rebounding US Dollar has been able to more easily capitalise on the Pound’s losses. The US political situation is keeping the US Dollar more appealing, at least for now. GBP/USD opened last week at the level of 1.3676, before briefly touching on a high of 1.3695, the best level for the pair in two and ...
Source: currencynews.co.uk