Sterling Hits 13-Month High as Market Awaits Powell and Bailey Speeches

Friday, 23 August 2024, 03:52

Sterling has climbed 0.2% to $1.3116, marking its highest level since July 2023. With expectations for a weekly rise of 1.5%, focus shifts to upcoming speeches by Chair Jerome Powell and Bank of England's Bailey. The currency's performance is being closely watched in light of these developments.

Sterling Hits 13-Month High as Market Awaits Powell and Bailey Speeches

Market Performance Overview

Sterling has risen by 0.2% against the dollar, reaching $1.3116, the highest value since July 2023. Its recent gains reflect a cumulative 1.5% weekly increase, showcasing strength in the UK currency.

Upcoming Influential Speeches

As market participants await speeches from Chair Jerome Powell of the Federal Reserve and Bailey of the Bank of England, all eyes are on how these remarks may shape future monetary policies, impacting the currency landscape.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Market Performance Overview

Upcoming Influential Speeches

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