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British pound
Trends
- 1Sterling rebounds on bets for tighter Bank of England policy●Sterling rebounds against dollar, euro on bets for tighter BoE policy
The British pound has rebounded against both the US dollar and the euro, with traders betting that the Bank of England will tighten monetary policy. The recovery in sterling is being read as a sign that markets expect the central bank to keep interest rates higher for longer, lifting demand for the currency.
- 2Nubank in early talks to buy Monzo for up to £10 billion▼Nubank is in early talks to buy Monzo at up to £10 billion
Brazilian digital bank Nubank is reportedly in early-stage talks to acquire UK challenger bank Monzo in a deal valued at up to £10 billion. If completed, the takeover would mark one of the largest acquisitions of a British fintech and would give Nubank a major foothold in the UK banking market. Analysts and investors are watching closely for confirmation from either company.