GBP continues to struggle in a dour global market environment but a disorderly retest of recent all-time lows is unlikely as the Bank of England sends a message to investors that it is vigilant to financial market stresses.
October 10,2022
GBP could be on course to register a weekly loss against EUR and USD if today's all-important non-farm payroll data release comes out stronger than expected.
October 7,2022
The cost of living crisis meets a cost of borrowing crisis, leaving the British Pound exposed to deeper losses against the Euro and Dollar say economists.
October 6,2022
The Pound has had a volatile year with some of its heaviest losses seen during the second quarter and newly released International Monetary Fund (IMF) data suggests this was also a period in which central bank managers of official reserves reduced their exposures to a range of currencies including Sterling.
October 5,2022
GBP's ongoing recovery could extend if a recovery in global investor sentiment continues, but analysts warn this is a market recovering from oversold conditions and the comeback won't last.
October 5,2022
GBP received another boost after Chancellor of the Exchequer Kwasi Kwarteng said he was bringing forward the publication of his fiscal plan, in an effort to win back market confidence.
October 4,2022
The British Pound rose at the start of a new week amidst news the UK government would ditch a proposal to remove the 45p rate of income tax.
October 3,2022
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