The British pound shows signs of recovery

Oct 12, 2023

GBPUSD The Pound Sterling continues to rise without any signs of slowing down, even in the face of disappointing factory data from the UK.

In order to cope with a bleak demand outlook, UK companies have made significant cuts to their input costs.

Swati Dhingra of the Bank of England (BoE) expressed support for a potential interest rate cut if the growth rate falls below expectations.