The British Pound reached new 2023 highs against the Euro and Dollar in July before the uptrend all but stalled in the second half of the month, but August's Bank of England policy meeting could revitalise the rally if deemed 'hawkish' enough.
August 1,2023
The cost of buying holiday money at Heathrow airport remains exceptionally high with significant spreads being charged for those looking to pick up cash prior to departure.
September 1,2023
GBPEUR back near 1.17 amidst broader EUR pullback after ECB signals rate hiking cycle is likely done.
July 31,2023
Pound Sterling has remained an outperformer among major currencies for the year in recent trading but with market interest rate assumptions implying close to unprecedented monetary tightening still to come for the economy, the opportunity or imperative for protecting against future currency losses is rarely greater.
July 26,2023
Pound extends recovery against Euro & Dollar, UK consumer confidence at 18-month peak.
July 31,2023
The British Pound is under pressure and has lost its crown as 2023's best-performing major currency after it was revealed last week that UK inflation rates had fallen substantially in June and the coming week could see these losses reverse, or accelerate.
July 31,2023
The British Pound could find some near-term direction from UK retail sales, out shortly at 7AM BST, but any moves will likely be faded as the broader readjustment in the wake of Wednesday's inflation data surprise continues to play out.
July 25,2023
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