Pound May Have Hit Ceiling With Best Month Since 2015: Chart

The pound was the world’s top-performing major currency in September, having its best month in more than two years on expectations of a Bank of England interest-rate increase in November. “I suspect that’s the bulk of the strength sterling will get from the rate hike,” said Standard Bank strategist Steven Barrow, who sees the pound falling to $1.28 by year-end, from around $1.34 on Sept. 29. “By the time we get to the actual hike itself, the market is more likely to react in a negative way.”

    Before it's here, it's on the Bloomberg Terminal.