Pound Sterling slumped against the Euro, Dollar and other major currencies after the Bank of England said it had ended its interest rate hiking cycle, believing that inflation was now on course to fall sharply over the coming months.

September 28,2023

The Bank of England is increasingly expected to announce a decision to keep interest rates unchanged later today in a decision that could prompt some interesting moves in the British Pound.

September 21,2023

The British Pound fell against the Euro and Dollar following the release of inflation figures that notably undershot expectations and signalled the pressure on the Bank of England to raise interest rates has receded notably.

September 20,2023

Despite a month of selling, the British Pound is unlikely to experience significant weakness going forward according to new research from one of Europe's most prominent investment and commercial banking providers.

September 19,2023

While there have been bumps on the road, the Pound has been one of the strongest performers among major currencies in 2023. Buoyed by a hawkish Bank of England and, at times, decent economic data, GBP has been a clear winner for currency traders.

September 17,2023

The British Pound was under pressure in midweek trade following the release of data that showed an unexpectedly sharp decline in economic growth in July.

September 13,2023