The British Pound should remain supported says Goldman Sachs in an analysis of the currency's outlook that follows last week's Bank of England's decision to raise interest rates by 50 basis points.
June 26,2023
The Bank of England grasped the seriousness of the UK's inflationary pressures by opting to raise interest rates by 50 basis points, a move that Pound Sterling Live reported was a bare minimum if the Pound's recent gains were to be defended.
June 23,2023
The Bank of England would need to raise Bank Rate by 50 basis points today if Pound Sterling is to gather support, according to analysts.
June 22,2023
The Bank of England will raise interest rates by 50 basis points as it races to put a lid on UK inflation expectations following fresh data confirming price rises are becoming increasingly embedded in the UK.
June 21,2023
Pound Sterling faces a key test in the form of the UK inflation release on Wednesday, June 21 as the figures will have a sizeable impact on the future of UK interest rate policy at the Bank of England.
June 21,2023
"Although the economy has proved resilient to the cost of living crisis, which is coming to an end, we think the cost of borrowing crunch will send it over the edge" - Capital Economics.
June 21,2023
The British Pound has risen to fresh multi-month highs but the coming week could result in a setback if inflation data surprises either higher or lower and the Bank of England strikes a cautious tone on Thursday.
June 19,2023
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