(Bloomberg) -- The pound was the world's top-performing major currency in September, having its best month in more than two years on expectations of a Bank of England interest-rate increase in November. “I suspect that's the bulk of the strength sterling will get from the rate hike,” said Standard Bank strategist Steven Barrow, who sees the pound falling to $1.28 by year-end, from around $1.34 on Sept. 29. “By the time we get to the actual hike itself, the market is more likely to react in a negative way.”
To contact the reporter on this story: Charlotte Ryan in London at cryan147@bloomberg.net.
To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net, Neil Chatterjee, Keith Jenkins
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