The British Pound firmed on Friday following the release of stronger-than-expected UK retail sales for January, which will contribute to evidence that the economy will exit recession this quarter.
February 16,2024
The British Pound dropped to fresh lows for the week after it was confirmed the UK fell into recession in the second half of 2023.
February 15,2024
Pound Sterling dipped against its peers after UK inflation undershot expectations and kept alive hopes that Bank of England interest rate cuts would commence in the summer.
February 15,2024
Pound Sterling rose after UK wage data beat expectations and the UK unemployment rate fell to 3.8%, underscoring a tight labour market that can ensure inflation stays elevated.
February 13,2024
Next week is busy for the British Pound with the release of wage, inflation, GDP and retail sales data set to test the UK currency's ongoing resilience.
February 9,2024
The British Pound endured a rough start to the new week as it was the second-worst performer in the G10 FX space despite some strong UK economic data releases.
February 6,2024
The British Pound was volatile after the Bank of England's decision to maintain interest rates at existing levels while hinting ever so cautiously that the next move would be an interest rate cut.
February 2,2024
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