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
The British Pound is underperforming major peers at the start of the new weeks as global financial markets turn red once more and home-grown risks arise in the form of EU-UK tensions over Northern Ireland.
May 16,2022
The Pound to Dollar exchange rate has slipped to a fresh two-year low, making for almost a ten percent 2022 loss following a turbulent six week period that has left Sterling appearing to be in competition with Switzerland’s Franc for what Credit Suisse describes as the “dubious title of Europe’s Yen.”
May 12,2022
As a "tide of pessimism" hits the UK, expect further GBP weakness says BNP Paribas.
May 16,2022
A more cheery tone on global markets have helped an oversold British Pound correct higher, although there is little conviction any rebound will sustain itself near-term.
May 16,2022
The British Pound is losing value to the Dollar and Euro at the start of the new week.
May 9,2022
"The narrative is so powerful at the moment it is hard to see sterling recovering much ground" - JP Morgan.
May 16,2022
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