Pound Sterling exchange rates fell widely in midweek trade after UK inflation fell less than many forecasters expected for the recent month with possible implications for the Bank of England (BoE) interest rate outlook, though analysts and economists have a wide range of views on the outlook.
May 24,2023
Headline UK inflation has fallen back sharply when compared to a month ago, but the fall was not great enough to undershoot market expectations, leaving the Pound supported.
May 24,2023
The UK economy likely continued to grow in May according to new survey data, but because the figures came in below analyst expectations the British Pound fell back.
May 23,2023
As sterling continues its rally against the dollar, portfolio managers now have numerous different trading styles to choose from in comparison to a decade ago – with FX trading more complicated than ever.
May 23,2023
Sentiment towards the British Pound continues to improve with the Commitments of Traders (COT) report showing investors are the most bullish since 2021.
May 23,2023
The British Pound held ground above 1.15 against the Euro and recouped losses against the Dollar as investors squared positions ahead of the weekend amidst a brightening global investor sentiment.
May 19,2023
Nomura adds a short position on GBP/USD to its strategy portfolio in anticipation of a consensus-beating fall in UK inflation expected to be announced next week.
May 18,2023
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