Sterling rises against euro as expectations of February interest rate hike grow

Another rate hike expected in February

clock • 1 min read
Sterling rises amid rate hike expectations

Sterling rises amid rate hike expectations

The pound neared a two-year high against the euro on Tuesday (4 January) amid growing expectations that the Bank of England will increase interest rates in February.

Meanwhile two-year and ten-year British government borrowing costs also rose to a two month high, rising six basis points on the day after Prime Minister Boris Johnson announced no new measures were needed...

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