The UK economy added more jobs than expected in November while wages grew faster than expected, maintaining pressure on the Bank of England to continue raising interest rates.
January 17,2023
Bilal Hafeez at Macro Hive has assessed the latest data from CME Group and finds hedge funds are betting on a rally in the Pound at the start of 2023, but he cautions conviction is lower than would be typically expected.
January 13,2023
The British Pound was supported near recent highs against the Dollar but remains under pressure against a resurgent Euro as the first major UK data release of 2023 beats expectations.
January 18,2023
Incoming results from major UK retailers suggest the UK economy might be doing better than economists had expected.
January 12,2023
Peak pessimism towards the British Pound may be close to passing says a year-ahead research publication from MUFG, the global investment bank and lender.
January 11,2023
Falling stock markets are weighing on the British Pound with analysts saying an ongoing debate over U.S. interest rates appears to be behind the moves.
January 10,2023
A strong stock market rebound following some disappointing U.S. data has offered the British Pound a welcome bid towards the end of what has been a punishing week.
January 6,2023
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