Pound Sterling was trading around the middle of the major currency rankings for the period in the final session of the week but with little help from the Bank of England (BoE), which drew mixed responses from analysts and economists when announcing its latest interest rate decision on Thursday.
March 24,2023
GBP/USD upside remains favoured by analysts, but GBP/EUR seen settling near current levels.
March 24,2023
The Bank of England raised Bank Rate 25 basis points to 4.25%, its highest level since 2008, and said it would raise interest rates again if required.
March 23,2023
GBP traditionally falls in wake of BoE decisions, why should today be any different?
March 26,2023
The British Pound was higher in the wake of UK CPI inflation that beat expectations in February and raised the prospects of further Bank of England interest rate rises.
March 26,2023
The British Pound is 2023's best-performing developed market currency and further gains are likely say analysts at a major investment bank, despite global banking sector stress.
March 21,2023
Pound Sterling rose widely in the final session of the week despite evident risk aversion among investors who shunned sinking stocks and commodities in favour of government bonds while also giving the U.S. Dollar a wide berth.
March 17,2023
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