The Pound saw relatively uninspired trade on Monday. The British currency was initially weighed down by concerns that the UK and EU would not be able to make an agreement on the Irish border, but Sterling shook off concerns.
The Pound edged higher against most major currency rivals on Monday as investors firmed on the British currency ahead of this week’s Autumn Budget.
The Pound plummeted against the majors on Monday as investors reacted to the weekend’s political news.
The Pound recovered slightly against many major currency rivals on Monday as investors anticipated further developments in the Brexit process.
The Bank of England have today raised the UK Interest Rates from 0.25% to 0.5%.
The Pound (GBP) advanced against the majority of its peers on Monday as the currency was supported by expectations that the Bank of England (BoE) will vote to raise interest rates later this week.