Pound (GBP) firms as BoE Pill tempers rate cut bets
The pound (GBP) mounted a recovery at the end of last week’s session, following comments by Bank of England (BoE) Chief Economist Huw Pill.
Pill sought to temper interest rate cut speculation a day after BoE Governor Andrew Bailey triggered a sharp plunge in the pound by suggesting the bank may become more aggressive in cutting rates.