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
Bank of America has raised its Pound forecasts saying the UK currency will remain supported despite the UK economy's "grim fundamental outlook".
June 16,2023
The British Pound's stellar 2023 will ultimately unravel at some point in the coming weeks as the UK economy begins to underperform rivals say BNP Paribas in a new currency forecast note.
June 16,2023
The British Pound's initial reaction was to go higher following the release of a UK labour report that roundly trounced analyst expectations and suggested the UK would continue to see elevated inflation levels as a result of elevated wage settlements.
June 13,2023
Pound Sterling bulls "appear reluctant... as liquidity dries up ahead of a slew of data followed by Fed, ECB and BoJ meetings later in the week."
June 12,2023
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