Sterling breaches $2 barrier for first time in 15 years
NEWS
Lehman Brothers, Commonwealth Bank of Australia, BNP Paribas, JP Morgan and UniCredit MIB proved right by the pound last week, its rise marking the first time in 15 years sterling had exceeded the $2 mark.
Roberto Mialich, an FX strategist at UniCredit MIB in Milan, said UniCredit MIB had a tighter Bank of England outlook in front of a more friendly Fed view, helping the bank to predict the strength of the pound. "We expected creeping inflation pressures in the UK to push the domestic base rate
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