Pound Sterling underperformed most other major currencies in early trade on Wednesday after a widely anticipated rebound in UK inflation underwhelmed expectations and services sector inflation fell back to a two-year low.
August 14,2024
Pound Sterling rose against all major currencies in early trade on Tuesday, driven by a bid in GBP/EUR, after official data showed employment rising and the unemployment rate falling late in the second quarter.
August 13,2024
The British Pound might stay under pressure in the near term, but a "hawkish" cut from the Bank of England could help it reclaim its status as an outperformer.
August 2,2024
The British Pound is under pressure after the Bank of England Monetary Policy Committee (MPC) voted by a narrow margin to reduce Bank Rate to 5.0% from 5.25%.
August 1,2024
The British Pound is weaker across the board as the odds of a Bank of England rate continue a steady rise, with the market now odds-on for a cut to be announced tomorrow.
July 31,2024
The Bank of England preview: downside and upside scenarios for the British Pound.
July 31,2024
A buildup of long positions ahead of a potential interest rate cut on Thursday could hold back the British Pound.
July 30,2024
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