Sterling fell 0.4% to $1.0693 in early Asia, following a slight 0.4% gain in the previous session, still nursing deep losses after its slide to an all-time low of $1.0327 at the start of the week.Sterling fell 0.4% to $1.0693 in early Asia, following a slight 0.4% gain in the previous session, still nursing deep losses after its slide to an all-time low of $1.0327 at the start of the week.
But he added that the central bank wants to wait until its next scheduled meeting in November before making its move, quashing market speculations of a potential inter-meeting interest rate hike. Meanwhile, the dollar stood near a two-decade high against a basket of currencies, as the US dollar index gained 0.18% to 114.35, close to its top of 114.58 hit on Monday.
In the latest flare-up in the euro zone’s gas crisis and an escalation of geopolitical tension, Europe was on Tuesday investigating what Germany, Denmark and Sweden said were attacks which had caused major leaks into the Baltic Sea from two Russian gas pipelines at the centre of an energy standoff.
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