Day: February 26, 2018

Great Britain Pound Retreats After Prior Rally

The Bank of England retreated today following the rebound of the US dollar. Earlier, the sterling rallied against some of its rivals thanks to comments from various UK policy makers and politicians. One of the comments was the signal from Bank of England Deputy Governor Dave Ramsden that interest rates may be raised relatively soon. He said in an interview on Saturday: I see the case for rates rising somewhat sooner rather than somewhat […]