The British Pound trades above the key 1.11 area against the Euro and 1.30 against the U.S. Dollar in the wake of the release of UK employment statistics that showed the country's unemployment rate reached 3.9% in June, which is better than the 4.2% markets were expecting.
August 11,2020
Foreign exchange strategists at two leading Wall Street investment banks have told clients the outlook for the British Pound has improved amidst a more supportive Bank of England policy stance and the likelihood of a Brexit trade deal being agreed in the Autumn.
August 10,2020
The British Pound received a notable lift in the wake of the release of the Bank of England's statement on monetary policy, and further upside over coming days is possible according to a number of analysts we follow.
August 7,2020
The British Pound went higher against the Euro, Dollar and other currencies following the release of the Bank of England's August policy statement that revealed the Monetary Policy Committee opted to keep interest rates and quantitative easing unchanged by an unanimous vote, while on balance policy makers struck a decidedly 'less dovish' tone than markets had been expecting.
August 18,2020
A pessimistic signal would likely lend itself to a weaker Pound, while a more confident assessment that would suggest no further quantitative easing expansions are likely over coming months could contribute to Sterling upside.
August 5,2020
The British Pound stormed higher at the end of July but has fizzled out in early August and is at risk of relinquishing the advance, for no obvious reason.
August 5,2020
A tactical shift to backing the British Pound during July appears to have paid off for strategists at Citibank, the world's largest dealer of foreign exchange.
August 4,2020
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