The Pound was trading back beneath an important level of technical support against the Dollar and struggling to remain afloat relative to the Euro on Friday after risk appetite faltered amid a government bond yield previously while furthering earlier losses in Sterling.

August 25,2023

The Pound was steadier on its feet near earlier lows against the Dollar and Euro in the penultimate session of the week as financial markets contemplated what central bankers could say at an imminent Federal Reserve (Fed) conference but the economic outlook could also be limiting enthusiasm for Sterling.

August 24,2023

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