The British Pound is staging a desperate attempt to defend the tentative floors of support it has established against both the Euro and Dollar ahead of next week's all-important Bank of England interest rate decision.
October 27,2023
The British Pound edged higher against the Euro and Dollar as an initial reaction to a better-than-expected labour market survey, but moves will likely be limited ahead of the PMI survey release due at 09:30 BST.
October 24,2023
The British Pound can remain under pressure against both the Euro and Dollar after UK retail sales came in at softer levels than expected, confirming the UK economy continues to slow.
October 24,2023
GBP underperforms amidst soft risk sentiment.
October 19,2023
The British Pound will remain under pressure against the Euro, Dollar and other major currencies with news UK inflation has come in at higher levels than markets were expecting likely to only offer limited upside, if any.
October 18,2023
The British Pound was softer against the Euro and Dollar after the release of UK wage data that hints the labour market continues to cool and will help bring down inflation over the coming months, in line with the thinking at the Bank of England.
October 17,2023
A surge in natural gas prices and an uptick in U.S. core inflation are two signals that could prompt the Bank of England into another rate hike before year-end.
October 13,2023
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