Pound Slips as Rate Hopes Fade | Bermuda News

The pound slips to its first weekly loss against the dollar in over a month as traders dial back rate hike bets for the Bank of England, with the stronger dollar and looming fiscal plans from Andy Burnham’s new government adding pressure. Markets await the full budget in October—expected to weigh on inflation—and defense spending could be a key focus amid rising European security concerns and Russian threats. Meanwhile, investors are watching closely for clues at Jackson Hole, where Fed Chair Kevin Warsh will unveil findings from his task forces on data, jobs, and inflation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b7624d46650e0e01