The British Pound dropped amidst surging bond yields and falling global equity markets as investors feared inflation was making a return.
According to a new analysis, the British Pound could rise to its highest level against the Euro since 2016, but one major investment bank disagrees.
The British Pound will head into the weekend with some wind in its sails thanks to an above-consensus retail sales print from the ONS.
Pound Sterling fell after the Bank of England kept interest rates unchanged at 5.25% but issued guidance that suggested it was close to a 25 basis point rate cut.