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
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
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