GBP appears to be entering a phase of capitulation against the Dollar and this is feeding into weak price action against other major currencies, including the Euro.
August 30,2022
GBP will remain under pressure over the remainder of 2022 says Capital Economics.
August 19,2022
"The FX market is getting tired of waiting for the BoE to actually deliver something more hawkish." - HSBC's Dominic Bunning.
September 12,2022
GBP was higher after it was announced UK inflation hit 10.1% in July, leaving it more than five times higher than the Bank of England's target.
August 17,2022
The British Pound remained supported against the Euro and Dollar following the release of new data from the ONS that showed UK wages faster than expected in June, as job vacancies remain elevated in a low-unemployment environment.
August 16,2022
The Bank of England (BoE) won applause from within the Citigroup foreign exchange business on Friday for its upfront acknowledgement of the UK economic car crash in progress and simultaneous steely resolve to go on doing whatever is necessary to drive inflation back to the two percent target level.
August 12,2022
GBP was supported near recent levels against both the EUR and USD on Friday following the release of some better than expected UK GDP data that suggests the economy approaches a tough winter period in better shape than feared.
August 12,2022
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