Sterling should remain supported in the near-term after data showed “ultra-tight” U.K. labor market conditions, ING said, adding that sticky wage inflation means “very low chances” of the BOE cutting interest rates before 2024.
Sterling should remain supported in the near-term after data showed “ultra-tight” U.K. labor market conditions, ING said, adding that sticky wage inflation means “very low chances” of the BOE cutting interest rates before 2024.