Pound Gains as Traders Cut Bets on Prospect of Subzero BOE Rates
- Sterling has recovered virus drop after best July since 1990
- U.K. bonds erase earlier decline; BOE to slow pace of buying
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
The pound advanced and bets on more interest-rate cuts eased after Bank of England officials highlighted the potential drawbacks of negative interest rates.