It was a 'hawkish' Bank of England update delivered on Thursday, one that would be expected to yield further gains in the British Pound, however, the currency ultimately retreated against the majority of its major peers.
May 12,2023
The British Pound rose in the wake of the Bank of England's May interest rate hike and guidance but soon retreated as investors booked profit on the rally and turned cautious amidst a notable selloff in global stock markets.
May 15,2023
The British Pound rose sharply in an initial reaction to news the Bank of England has raised interest rates by a further 25 basis points and upgraded its GDP growth forecasts.
May 11,2023
The Pound's run higher is due to pause according to strategists at one of the world's largest primary brokers of foreign exchange.
May 11,2023
70% chance the Bank of England hikes and keeps guidance unchanged, 20% chance a halt to the cycle is signalled = 90% chance the Pound falls today.
May 15,2023
Analysts at Goldman Sachs have upgraded their tactical stance on the British Pound to "outright constructive" amidst a surprising UK economic resilience and fading central bank divergence risks.
May 10,2023
Pound Sterling has broken out of a long-held range against the Euro, a move that hints further gains are possible on a technical basis, although Thursday's Bank of England policy decision could pose a fundamental setback.
May 10,2023
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