The Bank of England has succeeded in pushing back interest rate cut expectations amongst market participants and this is supportive of the British Pound over the medium- to longer-term, as it lowers the tail-risks associated with a hard landing for the UK economy.

August 9,2023

The Pound initially fell in the wake of the Bank of England's decision to hike Bank Rate to the highest level in 15 years but it soon recovered as market expectations for further interest rate hikes converged with the Bank of England's guidance as to how many more it would likely deliver.

August 4,2023

The British Pound tracked bond yields and fell further against the Euro and Dollar after the Bank of England raised interest rates by 25 basis points, representing a downshift from the 50bp hike delivered in June.

August 31,2023

The British Pound was softer against the Euro and Dollar as investors reduced exposure ahead of Thursday's Bank of England decision where anything other than a 50 basis point interest rate hike could result in declines according to some currency market professionals we follow.

August 3,2023

The Pound to Dollar exchange rate extended losses toward landmark levels on the charts Tuesday when results of an influential survey told of a so far underwhelming rebound in the U.S. manufacturing sector for July but also indicated scope for a recovery in the months ahead. 

August 1,2023

An improved political outlook means the British Pound will see further upside against the Dollar and a steady trade against the Euro over the coming months and years, according to Berenberg Bank's latest assessment of the British Pound's prospects.

August 1,2023