The British Pound was the best-performing major currency of 2023 until August when it became clear that inflation would slow and negate the need for the Bank of England to raise interest rates as high 6.5%, which money markets were implying.
December 21,2023
The British Pound fell sharply following the release of below-consensus UK inflation numbers, but there are reasons to believe losses can remain relatively contained.
December 21,2023
The British pound fell as an initial reaction to news inflation in the UK slowed by a far greater rate in November than had been expected.
December 20,2023
The British pound enters the new week with some positive technical momentum that leaves it looking constructive against both the Euro and Dollar, but the release of inflation figures midweek could challenge recent moves.
December 18,2023
The British Pound rose against the Euro and Dollar after the Bank of England made it clear it was in no mood to entertain thoughts of interest rate cuts.
December 15,2023
It was a sea of disappointment from the ONS, who released a tranche of UK economic data that printed below market expectations, boosting the odds for Bank of England interest rate cuts in 2024 and weighing on the Pound.
December 14,2023
The British Pound dipped as an initial reaction to news UK wages cooled in October, but downside risks to the currency are limited as these data are unlikely to shift the Bank of England's policy stance on Thursday.
December 13,2023
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