The British Pound could find itself better supported against the Euro and Dollar over coming weeks if UK economic data continues to come in better than expected now that the economy is being released.
June 24,2020
The British Pound fell last week, by over a percent against the Euro and 1.3% against the U.S. Dollar, with a major culprit behind the move being Thursday's Bank of England policy meeting.
June 22,2020
The British Pound is marginally higher against the Euro and Dollar on Monday, but the positive start to the new week belies the short-term trend of depreciation the UK currency is currently experiencing courtesy of Brexit concerns, Bank of England policy and covid-19 related concerns.
June 22,2020
The British Pound retains a soft tone ahead of the weekend with traders continuing to sell the currency in the wake of the Bank of England's decision to boost quantitative easing by £100BN and amidst a broadly softer global investor atmosphere.
June 19,2020
The Bank of England increased the scale of its quantitative easing programme by £100BN it announced on June 18, taking the programme's total to £745BN.
June 22,2020
The British Pound will today take direction from the Bank of England which will announce the outcome of their latest policy meeting at 12:00 BST, with the market expecting another £100BN in quantitative easing to be announced.
June 22,2020
The Bank of England looms large on the horizon for the British Pound, with analysts expecting an increase in the quantitative easing programme to the tune of £100BN from the £200BN already announced back in March.
June 22,2020
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