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Back Fundamental analysis
Market eyes November hike after Ramsden signals Bank of England readiness
The pound rose fairly confidently today
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The pound rose fairly confidently today in reaction to comments by Bank of England Deputy Governor Sir David Ramsden, who said an interest-rate increase could be warranted. Sterling buyers took his words as confirmation that the central bank is prepared to tighten policy further if price pressures continue to build. Prior to his remarks, a clear hawkish signal from Ramsden was not expected, which is why the market reaction was notable, even though his comments remained within the framework already
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