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
Risks stemming from next Thursday's Bank of England interest rate decision are to the downside for Pound Sterling.
May 8,2023
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
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