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
The British Pound is predicted to remain well supported against the Euro and Dollar by one of the UK's biggest high-street banks and international financial services providers.
August 9,2023
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
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