RE: The Horsey Has Landed....15 Oct 2021 11:46
The British Pound will once again try to break some key levels against the Dollar having suffered a string of failures to do so over recent days.
The key focus for markets at present is the intention of the Bank of England to raise interest rates again by as early as December, or early 2022.
This tends to raise the cost of finance throughout the economy and increases the yield paid on UK financial assets, which in turn attracts foreign investor capital which in turn bids up the Pound.