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Sterling rallies for 3rd day after BoE bond buys; U.S. dollar down

Por: CNBC Business September 29, 2022

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Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank of England conducted a second day of bond buying to stabilize financial markets.The pound posted its largest one-day percentage gain since March 2020 and last traded at $1.1076, up 1.8%. After hitting an all-time trough of $1.0327 three days ago, sterling has rallied more than 7% against the dollar.related investing news10 hours agoa... + full article



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