Pound Rises Against Dollar And Euro, Thanks to Increasing Interest Rate Prospects

pounds rising against dollar

Today, the cryptocurrency market still maintains the bearish condition. However, unlike Bitcoin and Gold, Pound isn’t crashing. Instead, it rose against euro and dollar today, Monday, 4th of July, 2022, moving from its 2-weeks lows.

The reasons for this is pretty straightforward: the Bank of England is could raise interest rates faster than anyone could’ve expected.

Today, Pound rose by 0.17% against the Euro at 86.050 pence and 0.31% against the Dollar at $1.21330. Pound also rallied up against the Japanese Yen And Swiss Franc.

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