Analysis: The weakness of the pound and the strength of the Fed’s pressure on the Bank of England to act in a big way
LONDON, June 14 (Reuters) – As Britain’s currency plummets and the U.S. Federal Reserve prepares to aggressively raise borrowing costs, Bank of England policymakers may suddenly feel compelled to announce a disproportionate rise in interest rates this week. Even though the UK economy contracted unexpectedly in April and there were signs of easing inflationary...
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