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
GBP rallies alongside improved sentiment, triggered by fall in U.S. inflation, meanwhile UK consumer confidence improves says YouGov.
August 11,2022
The British Pound will remain supported against the Dollar show new forecasts but the prospect of Bank of England interest rate cuts in 2023 could create downside pressure, particularly against the Euro says an independent economics research provider.
August 9,2022
Sterling exchange rates fell ahead of the weekend and in the wake of August’s Bank of England (BoE) interest rate decision, which cast a pall over the outlook for the economy and prompted much commentary about the prospects of the Pound, some of which is included below.
August 5,2022
The Bank of England delivered what analysts are describing a "dovish" 50 basis point interest rate hike, and this could spell weakness for the British Pound going forward.
August 9,2022
BoE hikes 50bp, GBP in "sell the fact" response.
January 11,2023
"GBP may not get much lift from this meeting" - TD Securities.
August 9,2022
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