The Bank of England warned in its semi-annual financial stability report that banks are vulnerable to an abrupt increase in interest rates. The BoE further warned of the stability risks from a weak global economy and Euro-area.
However, the Pound is the overall biggest loser in today’s Forex trading at the time of this writing. GBP/USD is currently trading below the 1.5400 figure, and the pair may next see support by a three-week low at 1.5347.
