RE: Sold some26 Feb 2021 13:49
Indeed I see Andy Haldane has warned of a risk that inflation will prove difficult to keep under control as the economy recovers from the pandemic
Sterling fell against a stronger dollar today, but it was a three-year high earlier this week, as a rout in global bond markets sent yields flying and hurt the pound.
After rising above $1.42 for the first time in three years earlier this week, the pound fell to its lowest since February 18.
Against the euro, the pound fell after hitting a 10-day low of 87.30 pence in earlier trading.
I would attribute sterling's fall today to a sell-off in bond markets.
The pound has strengthened about 2% this year as traders expect Britain's speedy vaccine roll-out will help the economy rebound from its biggest contraction in 300 years.
Relief over a Brexit trade deal and pushed back expectations for negative interest rates from the Bank of England had also supported sterling.
Despite today's falls, sterling was still on track for its fifth consecutive month of gains against the greenback and the euro, with analysts maintaining a positive outlook
Good luck.my friends.