Pound Sterling is in demand on a combination of renewed U.S. banking fears and expectations that the European Central Bank was nearing a peak in its interest rate hiking cycle, which in turn implied a potential peak in the Euro.

May 5,2023

The Pound rose against a softening Dollar and many other currencies in midweek trade but data detailing the activities of traders suggests that its recent buoyancy at least partly reflects speculative interest reaching extreme levels, which may indicate limit scope for further upside in Sterling and a heightened risk of corrective losses ahead. 

May 3,2023

A cocktail of worries in global markets and a lack of UK-specific drivers means the British Pound is struggling against the Euro, Dollar and others in early May, although the downside is likely to remain limited.

May 3,2023

UK house prices in an unexpected rise in April, underpins expectations for May 11 Bank of England hike.

May 2,2023

Pound Sterling outperformed many other major currencies in the opening months of the year and remained buoyant through much of this week but there are two reasons why Bank of England (BoE) interest rate policy might now be an asymmetric risk on the downside for the months ahead. 

April 27,2023

"GBP has been the 'king' of G10 FX so far this year, and may retain its crown beyond King Charles III’s coronation" - HSBC.

April 27,2023