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GBP/CNY Forecast Today: Pound Rises After UK Budget as Yuan Hits Four-Year High
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GBP/CNY Forecast Today: Pound Rises After UK Budget as Yuan Hits Four-Year High
The pound rose against the Chinese yuan on Friday as investors turned from Britain’s budget to next week’s Bank of England decision, although strength in China’s currency remained a constraint on sterling’s recovery. GBP/CNY was quoted at 8.9269, up 0.20%, after reaching an intraday high of 8.9314. The advance extended a recovery from earlier this week, with the pair moving back towards 8.93. Sterling drew support from a relatively calm market r…
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