Currencies
Pound’s Glory Days Are Over as Bets on Ever-Higher Rates Fade
- Sterling is second-best performing currency in G-10 this year
- NatWest and BNP now see BOE delivering just one more rate hike
A discount pound store in Croydon.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
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The pound’s unexpected rally this year may have finally run out of steam as the Bank of England moves closer to wrapping up its tightening cycle.