Pound Sterling exchange rates fell widely in midweek trade after respondents to S&P Global surveys cited high interest rates and other headwinds for an August softening of business conditions in the services industry underpinning the domestic economy with possible implications for Bank of England (BoE) interest rate policy.
August 23,2023
Pound Sterling remained the best performing major currency of the year in the midweek trading session but that could change during this Autumn's 'crisis season' in the markets if Nomura is right to be advocating that clients bet on large losses against the Dollar and Euro for the months ahead.
August 23,2023
Pound Sterling climbed against the Dollar, Euro and a selection of other currencies on Tuesday after Office for National Statistics (ONS) figures painted a less bleak picture of the public finances for the recent month and in turn led economists to contemplate how the government might respond to any calls for tax cuts in the Autumn budget.
August 22,2023
The Pound rose against the Dollar, Euro and most other major currencies in midweek trade after hotel and plane ticket prices were cited for slowing the decline in UK inflation, which fell notably in July as prices of milk, bread and cereals rose at a lesser pace in annual terms.
August 16,2023
The British Pound is set for a volatile week with the release of inflation and wage data that will determine how many further interest rate hikes the Bank of England has left in the tank.
August 13,2023
The UK economy was firmly back in growth territory in June according to the latest GDP figures from the ONS which also revealed a solid uptick in quarterly and annual growth.
August 11,2023
The British Pound could recover recently lost ground against the Euro and Dollar if GDP data for June and the second quarter comes in better than expected.
August 10,2023
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