The Bank of England has consistently undershot market expectations in 2022, the risk for the Pound is that we see a 50bp hike at today's meeting.
November 3,2022
The British Pound is near a long-term base says the UK's largest bank, HSBC.
November 2,2022
Analysis of positioning data shows hedge funds have raised bets for a recovery in the British Pound, while asset managers have reduced their 'shorts' against the currency.
November 1,2022
"Better, but not good," is how Goldman Sachs analyst Michael Cahill describes the British Pound's prospects in the wake of Rishi Sunak's anointment as Prime Minister.
November 1,2022
The Pound has reversed all of its post-budget losses but some strategists say it could be likely to unravel again before year-end and have advocated that clients sell Sterling against the Dollar following any recovery back above 1.15, citing scope for it to fall as far back as 1.08 again in the months ahead.
October 26,2022
The Pound got off to a strong start this week but its rebound stalled after former Chancellor Rishi Sunak was confirmed as the next Prime Minister in waiting following a Conservative Party leadership election that will have significant implications for Sterling and the UK economy in the months ahead.
October 25,2022
The Pound to Dollar exchange rate surged into the London close on Friday amid a spectacular rally from the Japanese Yen that appeared to drive a market-wide slump in Dollar exchange rates and was followed by reports of direct intervention from the government in Tokyo and Bank of Japan (BoJ).
October 21,2022
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