Sterling Unwinds Most of BOE-Inspired Gains, but Rates Market Does Not

Sterling peaked on September 20 near $1.3660. It traded to nearly $1.3220 today. It has fallen in nine of the past dozen sessions. The main culprits are the broader US dollar recover, disappointing UK data, and perhaps some Brexit anxiety, spurred by the continued hardline push by Johnson. ...

Sterling Unwinds Most of BOE-Inspired Gains, but Rates Market Does Not