Thursday was something of a rollercoaster for the sterling, when the media pounced on the review of the costs, which was released on Wednesday. The main factor for the pound has become the fate of the economy and, more specifically, it is about the moment when the coming financial reduction will affect the mood, spending and investment decisions of private sector in the coming months. This morning was very indignant employee of the Bank of England, the hawk Sentance, once again highlighting the particularly strong increase in interest rates, but the market seems to have now forgotten about it, fearing more tightening of the fiscal policy effects than more stable inflation and inflation expectations. Yesterday's volatility on the EUR / GBP may be a sign of even greater volatility in the pound in the future.
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