Pound rallies against euro as Brexit Britain roars back after shock Bank of England move


    All eyes will once again be on the Bank of England and Governor Andrew Bailey on the 16th December when the Bank’s Monetary Policy Committee will next vote on interest rates.

    The outcome, and indeed signals in the run up to the 16th, will likely prove a major influence on the strength of the Pound.

    Ms Scholar noted: “Bailey’s confusing messaging, having suggested a fortnight before the rate decision that he was ready to act, created uncertainty for the pound against the US dollar and the euro.”

    “Clear communication to ensure financial stability is among the key aims of Bank of England policymakers, who arguably failed to deliver on this goal.”

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