The Pound has risen sharply this week, buoyed by a supportive global backdrop of rising stock markets and a favourable decision from the Bank of England on Thursday.
September 23,2024
Pound Sterling is making a fresh push higher Friday, bolstered by the Bank of England's message that interest rates will only be reduced gradually, but the advance could yet be thwarted by technical resistance.
September 20,2024
Pound Sterling tends to fall against the Euro on Bank of England days shows analysis. And today is such a day.
September 19,2024
Pound Sterling rose against the Euro and Dollar following the release of UK inflation data for August that showed a pick-up in the pace of price rises in the UK.
September 19,2024
We forecast Pound Sterling to trade on the soft side against the Euro this week but don't see Wednesday's UK inflation report or Thursday's Bank of England decision having a lasting negative impact. Wednesday's Federal Reserve rate cut could prove supportive from a global perspective.
September 16,2024
Pound Sterling has recovered against the Euro alongside improved market sentiment and we see two credible upside targets for the exchange rate.
September 13,2024
The European Central Bank (ECB) cut interest rates and showed it was in no rush to deliver the next one, a stance analysts say can underpin the Euro.
September 12,2024
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