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
The British Pound remains 2023's top-performing currency but the first major test of July comes into view in the form of Tuesday's UK labour market release.
July 10,2023
The risks of a precipitous decline in the value of the British Pound from here are greatly reduced by an improvement in the UK's balance of payment fundamentals with the rest of the world, an outcome driven by increased UK saving rates as well as lower oil and gas prices.
July 7,2023
Speculative investors are the most bullish on Pound Sterling since times predating the value-shattering Brexit vote according to the largest snapshot of sentiment prevailing in the foreign exchange markets.
July 5,2023
In a new short-term currency outlook note, Barclays highlights the Pound's carry advantage and its correlation with resilient demand and tight labour markets. However, NatWest Markets is cautious.
July 4,2023
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