The Pound’s Hurting, for a Simple Inflation Reason
- Inflation expectations have spiraled despite rate increases
- Sterling faces better prospects against the euro than dollar
This article is for subscribers only.
Follow us at @BloombergUK for the latest news and analysis.
The pound, which ended last year with a bang, has started 2022 with a whimper. Its travails may continue until the Bank of England is able to quell expectations about inflation.