Pound falls to its lowest rate in almost a month – London Business News | London Wallet

The pound has fallen to its lowest rates in nearly a month as there are suggestions the Bank of England could reduce interest rates steadily throughout autumn and winter.

Economists believe there is a 96% chance the Bank of England could lower interest rates in November and again in December.

On Monday £1 will buy some $1.30 which is the lowest level since September and £1 will buy you €1.19.

The FTSE is up 0.38% and the FTSE 250 rose 0.44%, Brent Crude reached almost $80 on Monday with is a six-week high.