LONDON DAILY ARCHIVE

Pound Sterling Strengthens as Investors Anticipate Further Bank of England Rate Increases

The pound rose against major currencies as markets increased expectations that the Bank of England could raise interest rates further. Sterling was also supported by confidence in the stability of the United Kingdom’s political transition, with investors watching the Labour leadership contest and the possibility of an uncontested victory for Andy Burnham.

09 July 2026 · 11:56 UTC