Pound Sterling's economic headache was in danger of morphing into a migraine on Wednesday after official statistics revealed a steep and surprise fall in inflation for the month of December, all but sealing the deal for a now-likely Bank of England (BoE) interest rate cut later this month.
January 17,2020
Bank of England MPC member Michael Saunders makes the case for an interest rate cut, and we would expect the Pound to remain under pressure in the current environment, and the short-term downtrend is likely to remain favoured.
January 15,2020
Analyst Shahab Jalinoos at Credit Suisse in Zurich says the big ticket event for the Pound in the first three months of 2020 will come in the form of the government's budget announcement.
January 15,2020
A leading foreign exchange strategist has said the Pound's current bout of weakness - largely driven by expectations for an interest rate cut at the BoE - could ultimately be short-lived.
January 17,2020
The British Pound was trading in the red against the Euro, U.S. Dollar and other major currencies at the start of the new week, with foreign exchange analysts saying the weakness can be linked to building expectations for an imminent Bank of England interest rate cut.
January 13,2020
The British Pound is on Friday recovering some of the ground it lost in the wake of comments from Bank of England Governor Mark Carney, with analysts saying the Governor's intervention on the outlook for UK interest rates should have little long-lasting impact on the currency.
January 14,2020
The British Pound turned lower in mid-morning London trade, with analysts citing a combination of potential factors, ensuring the currency's relatively volatile start to 2020 continues.
January 14,2020
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