Pound Rises to Strongest Since August 2022 Against the Euro

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The pound rose to the strongest level against the euro in almost two years as the Bank of England is increasingly expected to trail the European Central Bank in lowering interest rates.

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Pound Nears Multi-Year High Versus Peers as Traders Turn BullishThe pound is nearing its strongest level in years against two of its major counterparts as traders ratchet up bets that the Bank of England will keep interest rates on hold for longer than peers.
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Pound Gets Boost as UK Vote Nixes Holdout Bets on June Rate CutThe pound’s peer-beating rally received another boost this week as an interest-rate cut by the Bank of England next month became virtually unthinkable to traders.
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