The Great Britain pound jumped today after the report showed the improvement of the UK consumers’ confidence, encouraging analysts to talk about a possible increase of the lending rates by the nation’s central bank.
The Nationwide report about Britain’s consumer confidence showed that the confidence index increased from 39 in February to 44 in March. That’s compared to the median forecast of 40. The report said that the consumers’ “assessments of their present situation remain subdued”.
Bets show that investors expect the Bank of England to increase its key interest rate by 25 basis points from 0.5 percent. The yield on the 10-year bonds dropped two basis points to 3.69 percent. Britain’s sterling performed not very well this year, rising so far only 0.3 percent according to the Bloomberg
GBP/USD rose from 1.6267 to 1.6347, while EUR/GBP dropped from 0.8876 to 0.8860 today as of 21:43 GMT. GBP/JPY traded at 136.51 after it opened at 136.35 and fell as low as 135.27.
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