The British Pound looks set to retain a subdued tone over coming days and weeks as the UK economy starts out on a long road back to normality relative to its global peers, with Prime Minister Boris Johnson saying on Sunday night that it would likely only be August at the earliest when most of the economy would be open again.
May 11,2020
The British Pound received a boost ahead of the long weekend thanks to a Bank of England decision to keep interest rates and quantitative easing levels unchanged, however the expectation of renewed Brexit anxieties and the grip of global market sentiment should keep upside potential limited.
May 8,2020
The British Pound went higher on Thursday after the Bank of England opted to keep interest rates and its quantitative easing programme unchanged, a decision that might have surprised some market participants that were looking for more easing to be announced.
May 18,2020
Pound Sterling was wallowing at the bottom of the major currency bucket Wednesday but is unlikely to receive any help from the Bank of England (BoE) this week or at any time soon because weakness in the currency is likely welcome.
May 6,2020
The British Pound is tipped to retain a defensive tone over coming days, and even months, amidst a combination of Bank of England policy actions, subdued market sentiment and rising Brexit threats.
May 5,2020
Speculative investors maintain a risk-off stance on Pound Sterling, according to the latest Commitment of Traders data from the Commodities Futures Trading Commission.
May 4,2020
The British Pound could suffer declines in value against the U.S. Dollar during May, but gains against the Euro are likely according to studies of the UK currency's seasonal performance.
May 11,2020
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