Dollar ascendant; sterling slumps on lower rate expectations, bleak outlook - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

The dollar looked set to post its best week in over a month on Friday on expectations that US rates could peak higher, while sterling was on the ropes as investors revised their rate projections after a shift in tone from the Bank of England.

Sterling edged up 0.1% to $1.1170, after sliding 2% overnight. It was headed for a weekly loss of nearly 4%, the largest since September’s market turmoil triggered by an economic plan that alarmed investors.

“It’s been sort of coming for some time that the Bank of England is a reluctant hiker … in the current environment. But certainly, those inflation numbers are still way too high.” Fed rate futures now point to a terminal rate of about 5.15% by June, with US Treasury yields moving in step with the higher expectations.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 37. in EG

مصر أحدث الأخبار, مصر عناوين