GBP TWI posts the largest monthly rise since Sept 2017

BOE with the Trade Weighted Index stat 25 Jan

  • +2.8% so far in Jan

Higher pound helps their battle vs inflation and could be argued reduces the need for interest rate hikes. It certainly helps our heavily import-based economy.

Either way GBPUSD currently 1.4280 after finding demand around 1.4250 that I warned of/highlighted earlier.

investingLive Premium
Telegram Community
Gain Access