Rival currencies veer up as greenback shows signs of faltering

29.09.2022

After tumbling earlier, sterling rallied against the dollar on Wednesday following the Bank of England's (BOE) purchase of UK government bonds, letting some air out of the greenback's progress broadly after it had touched a fresh 20-year high.

The BoE said it received 2.587 billion pounds' ($2.78 billion) worth of offers...