Surveillance: Fed Cuts with Ausenbaugh
Bloomberg Surveillance
00:00
Sterling: A Carry Trade in the G10
The Bank of England meets on Thursday and is expected to hike by 25 basis points. John Defterios: It's too early for them to declare a victory lap. He says there will be another few more hikes to come, maybe 75 in total this year. And that's the reason why sterling has relatively traded quite well; it's one of the highest carry currencies in G10.
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