Sterling falls lower on negative rates prospect

On the 05.19.20 at 7:54AM


Tuba Raqshan

Comments by the BoE’s chief economist Andy Haldane sent sterling down, after it had already been hit by the lack of progress in trade talks between London and Brussels.

It isn’t only in the US that the money market is betting on negative key rates. In the UK, as well, the idea is gaining traction, with Bank of England’s rates already at an all-time low of 0.1%.

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