Pound Sterling sunk like a stone following the release of PMI data that suggests the UK economy was close to contracting in May and conditions are deteriorating faster than was the case during the pandemic.
May 30,2022
The UK is the "poster child for stagflation" says investment bank JP Morgan as it announces "pretty deep cuts" to their British Pound forecasts.
May 30,2022
The British Pound turned higher following another better than expected economic data release.
May 20,2022
The Pound and Euro are taking advantage of a faltering Dollar to clamber further above their recent multi-month lows.
May 20,2022
Bear market yet to be broken, GBP therefore prone to more losses.
May 19,2022
UK inflation data for April printed softer than expected, prompting the British pound to give back some recent gains.
May 18,2022
The British Pound rose against the Euro and Dollar following the release of UK labour market statistics that revealed a strong jump in wages and a stronger than expected fall in unemployment.
May 17,2022
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