Pound's Rally on Thin Ice | Bermuda News

The pound’s recent climb against the dollar and euro is fueled by strong June growth—thanks to the World Cup, good weather, and lower energy prices—but underlying weakness lingers: employers remain cautious, confidence near pandemic lows, and Middle East tensions threaten to push fuel prices back up. Traders are betting the Bank of England will raise rates at least once this year, as stronger growth tips the scales toward higher borrowing costs. This week’s inflation and jobs data will decide if the pound’s rally is sustainable or just a fleeting bounce. 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/be9459f86f9ec0da