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Are you prepared for a November UK rate hike?
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Traders shouldn't rule out an interest rate hike in the UK as early as November. So says Neil Staines, Head of Trading and Execution Strategies at the ECU Group in London. He tells Owen Thomas that although it's an 'aggressive' call, it's a definite possibility especially if the US Federal Reserve raises US rates next week.
Sterling dipped this Wednesday after disappointing industrial data. GBPUSD has had a particularly volatile few days and Neil looks at what's behind the moves and assesses where we could be heading next.