GBP is set to fall further say analysts, although there is a faint prospect the currency finds redemption towards the end of the coming week when a Bank of England rate hike and the 'mini budget' are delivered.
September 17,2022
"Looked at through the most meaningful measures, it is clear that the current level of GBP is not an impediment to further significant falls" - RBC Capital.
September 16,2022
For GBP to remain supported the Bank might have to raise its basic interest rate to as high as 5% during this cycle according to new research.
September 16,2022
GBP was softer after it was reported headline UK CPI inflation was lower in August than in July, suggesting the peak in price rises might have now passed.
September 16,2022
UK jobs data was on balance supportive for the Pound, with the currency rising against the Euro, Dollar and most other major currencies in the wake of the release.
September 13,2022
Next week's Bank of England interest rate decision poses the biggest near-term risk to Pound Sterling say analysts at two leading investment banks.
September 14,2022
The British Pound was soft at the start of a new week following the release of domestic GDP data that showed July's economic rebound was softer than expected.
September 14,2022
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