UK Rates, Sterling and the New Refinancing Squeeze
Sterling Weakness Meets a New UK Refinancing Squeeze 1. THE DEVELOPMENT Sterling ended the week under renewed pressure. On 25 September, the pound traded around $1.322 after touching $1.32 the previous day, its weakest level against the dollar since 29 June. It was heading for a weekly decline of roughly 1.2%, following another 1% fall […]