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MUFG Bank says the UK's political outlook contrasts favourably with developments in Europe and a strengthening economy will limit the amount of interest rate cuts the Bank of England can deliver in 2024.
July 2,2024
The British Pound firmed ahead of the weekend, helped in part by news UK's economy grew more than was previously estimated in the first quarter of this year as the impact of rising incomes and falling inflation took hold.
June 29,2024
The British Pound dropped amidst surging bond yields and falling global equity markets as investors feared inflation was making a return.
June 27,2024
According to a new analysis, the British Pound could rise to its highest level against the Euro since 2016, but one major investment bank disagrees.
June 25,2024
The British Pound will head into the weekend with some wind in its sails thanks to an above-consensus retail sales print from the ONS.
June 21,2024
Pound Sterling fell after the Bank of England kept interest rates unchanged at 5.25% but issued guidance that suggested it was close to a 25 basis point rate cut.
June 20,2024
The British Pound was boosted by a stronger-than-expected UK inflation print on Wednesday, but the gains faded as investors turned their attention to Thursday's Bank of England interest rate decision.
June 20,2024
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