By RoboForex Analytical Department
The Pound Sterling keeps trying to reach stability against the USD. On Monday, 3 October, GBP/USD is balancing around 1.1211.
After the Bank of England revised its stance on supporting the country’s economy and decided to buy government bonds instead of selling them, the Pound got too much stress and dropped to multi-year lows.
The monetary and financial policy delivered by the Bank of England together with Her Majesty’s Treasury makes investors worry. It looks like London put up with an inflation boost and might try to improve the economy from the other side.
It does not necessarily mean that this strategy will work – market …