Rising pound good news for Bank of England, not so much for UK stocks

Sterling’s bounce back to a one-year high against the dollar this week may be welcome news for the Bank of England, but not for UK stock market investors. The pound’s recovery, which has also seen it reach a six-week peak on a trade-weighted basis, may help cool the bubbling price pressures that ...

Rising pound good news for Bank of England, not so much for UK stocks