The jump in the value of Pound Sterling seen last week appears to be something of a false dawn for those wanting a stronger exchange rate as the UK currency comes back under pressure amidst a softening global market backdrop and increased bets the Bank of England will cut interest rates before long.
November 8,2023
The Pound recovered from its lows after the Governor of the Bank of England pushed back at rising expectations that the Bank of England would cut rates by as early as the third quarter of 2024.
November 6,2023
The British Pound was higher against the Euro, Dollar and other major currencies after the Bank of England kept interest rates at 5.25% and managed to deliver a credible message that interest rates would stay at current levels for an extended period.
November 6,2023
According to a strategy note from TD Securities, the British Pound looks set to decline in value in the wake of today's Bank of England decision.
November 2,2023
The British Pound can walk away unscathed from the Bank of England's November interest rate decision if no members of the Monetary Policy Committee (MPC) vote for a rate cut and inflation and growth forecasts do not change drastically.
November 1,2023
The Pound could be set for deeper falls over the coming weeks if the Bank of England allows financial markets to bring forward the expected timing of the first interest rate cut of 2024.
October 31,2023
This week, a key danger to the British Pound is that the Bank of England becomes the first of the major central banks to signal it is now considering cutting interest rates.
October 30,2023
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