LONDON, Oct 8 — Sterling steadied today but was set for its best week versus the euro in two months as expectations of interest rates hike offset worries about a fuel crisis and a post-Brexit labour shortage in Britain.
Versus the euro, it edged 0.1 per cent lower to 84.93 pence by 0855 GMT, but was on track for its strongest week versus the single currency since early August. “In the UK, markets are clearly taking the view that the BoE will be forced to act much sooner than hinted at by policymakers,” ING said.
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