Sterling Plunges, Rate Cut Hopes
This is a UK news story, published by Telegraph, that relates primarily to Andrew Bailey news.
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interest rate cutsTelegraph
•Pound falls as Bailey says rate cuts could become ‘more aggressive’ - latest updates
72% Informative
Andrew Bailey said policymakers could become 'a bit more activist' about lowering borrowing costs.
Sterling sank as much as 1pc against the dollar to as low as $ 1.314 .
The pound is on track for its worst day against the euro since March 2023 .
The yield on two-year UK bonds dropped amid increasing hopes of rate cuts.
VR Score
83
Informative language
89
Neutral language
31
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formal
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English
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34
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