The British Pound is set to remain under pressure as the UK economy faces significant headwinds, as confirmed by the latest retail sales figures.
July 22,2022
GBP was seen trading firm on the day UK inflation data came in above expectations, confirming the Bank of England might have to go ahead with an outsized 50 basis point rate hike in August.
July 26,2022
Bank of England Governor Andrew Bailey confirms a 50 basis point rate hike is indeed likely in August.
July 26,2022
Global market sentiment remains in overall charge of the British Pound on the day the UK reported some mixed labour market data.
July 19,2022
Foreign exchange strategists at Morgan Stanley have upgraded their stance on the British Pound to neutral.
July 18,2022
A positive start to the new week for global markets has benefited the British Pound but put the Dollar on the back foot, although analysts remain of a view these 'risk on' episodes are likely to remain fleeting.
July 18,2022
The British Pound steadied ahead of the weekend amidst settling global market conditions but was still looking to record a weekly loss against the Dollar, its third successive weekly decline in a row.
July 15,2022
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