With forecasts comfortably above the BoE’s 2% inflation target, it is expected that interest rates will be hiked early in 2022. Some analysts and market makers are suffering from what could be coined interest rate “cold feet”. These continual shifts can create a “boy who cried wolf” scenario, producing a difficult landscape for GBP to find it’s much needed support. Whilst every effort is made to ensure the information published here is accurate, you should confirm the latest exchange rates with WorldFirst prior to making a decision. The information published is general in nature only and does not consider your personal objectives, financial situation or particular needs.

Source: The Guardian December 07, 2021 15:51 UTC