"The money that people do not spend on these services this week likely will be redeployed, either to next week, or to purchase other goods and services" - Pantheon Macroeconomics.
June 22,2022
GBP fell in the immediate aftermath of the release of UK inflation data which came in largely as expected, but some crucial elements of the report were in fact softer and could ultimately prove supportive of the currency.
June 22,2022
Bank of England Chief Economist Huw Pill becomes the second member of the Monetary Policy Committee to mention the value of Pound Sterling when fighting inflation.
June 21,2022
The Bank of England's Catherine Mann says the British Pound is at risk of falling further and pushing UK inflation even higher unless a more activist approach to interest rate management is adopted.
June 20,2022
The domestic highlight for the British Pound this week will be the release of inflation data on Wednesday although Friday's retail sales read will also be highly anticipated.
June 19,2022
Once the market has repositioned in the wake of the Bank of England update it could be global market conditions that exert their grip on the currency once more.
June 30,2022
GBP is proving to be a slippery customer in the wake of the Bank of England's decision to raise interest rates again, initially falling on the 25 basis point hike announcement and then rising sharply.
June 17,2022
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