GBP could be better supported over the near-term courtesy of a strong economic growth report published this week which increases the odds for a 50 basis point rate hike at the Bank of England in August.
July 26,2022
The British Pound was firmer in midweek trade, in line with some better than expected economic data.
July 15,2022
GBP to track developments in crisis-hit gas markets over coming days but next Prime Minister could well determine how the UK currency trades over coming weeks.
July 13,2022
GBP thus far oblivious of Johnson's woes, but ut there are some benefits to the currency from the current political turmoil.
July 7,2022
GBP & EUR under immense selling pressure over recent hours and look set to remain vulnerable to further losses against USD as Europe's energy crisis deepens.
July 6,2022
GBP increasingly correlated with stocks, would benefit when markets recover, but further 10% decline in stocks possible says MUFG.
July 5,2022
The Pound and Swiss Franc built further on their shares of the global FX reserve basket during the first quarter and in a period blighted by extreme market volatility as well as more than $300 BN of central bank asset sales, according to newly released International Monetary Fund (IMF) data.
July 1,2022
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