Buy sluggish Cable, experts say

Note: This section contains information in English only.
Source: WBP Online
The British Pound has been experiencing a continuous 7-week-long slip against the Greenback, as uncertainty over Bank of England plan to hike interest rate in the near future pressures the Sterling. Furthermore, the July's muted inflation report puts more weight onto the currency. Nonetheless, the Credit Agricole experts remain bullish regarding the Pound's future. The experts predict the BoE to raise the interest rate next year. The Cable was trading at $1.6569.
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Mon, 25 Aug 2014 11:37:04 GMT

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