The British Pound is tipped to struggle against the Euro over the course of October as a hangover from a rough September extends, but weakness will likely remain limited as the Eurozone and UK economies are unlikely to diverge.
October 3,2023
GBPEUR fights to hold 1.15, short-term rebound potential ahead of month-end.
September 28,2023
The currency research and strategy team at Goldman Sachs have slashed their forecasts for the Pound as they announced they have "officially shifted back to Sterling bears".
September 26,2023
The British Pound extended a multi-week decline after survey data revealed the UK economy saw a marked slowdown in September that exceeds anything seen since the Covid lockdown period.
September 22,2023
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
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