Good news for households and businesses as UK inflation came in well below expectation in June, but for the British Pound the slowdown in price rises could spell weakness.
July 19,2023
Pound Sterling is very much a Developed Market currency according to a new research note from the FX research team at investment bank Nomura.
November 15,2023
As is often the case ahead of potentially major market-moving events, traders opted to cut back exposure to the British Pound in the lead-up to the midweek UK inflation release.
July 18,2023
Speculative investors have boosted 'long' exposure to the British Pound by a further 58,063 contracts, according to positioning data from the CFTC.
July 17,2023
The British Pound will this week encounter another key economic release in the form of CPI inflation for June which will determine whether the Bank of England will deliver a second consecutive 50 basis point interest rate increase in August.
July 17,2023
Pound Sterling remained the outperformer among major currencies for the year in the final session of the week but the rally is at risk of inviting increased prices of imported goods with potential implications for inflation, Bank of England (BoE) interest rate policy and the UK economy further down the line.
July 17,2023
Pound to Euro rate rises to 1.17 in the immediate aftermath of the UK labour market release while the Pound to Dollar exchange rate goes to a new 2023 best at 1.2899.
July 11,2023
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