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Currency Buzz: Pound Slips Near Two Week Low As BOE Flags Inflation Risks

Currency Buzz: Pound Slips Near Two Week Low As BOE Flags Inflation Risks

June 30, 2022 12:21 IST | capital market
The British Pound eased on mounting economic worries and inflationary outlook. Soaring inflation will hit Britain harder than any other major economy during the current energy crisis, Andrew Bailey, the governor of the Bank of England has warned yesterday. This hit the Pound amid sustained gains in the US dollar index and the British currency tanked to a two week low near 1.2100 mark. It currently quotes marginally higher at 1.2145 but looks weary and is not far away from its March 2020 bottom. Powered by Commodity Insights

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