Pound Sterling has reversed its early April losses against the Dollar and Euro following a significant mid-week rally and there is evidence that this bid may have originated in Beijing and been part of an effort to prevent a falling Euro from lifting the trade-weighted Renminbi further.
April 15,2022
A strong impulse of buying through the late midweek session tee's up the British Pound at higher levels on Thursday April 14.
April 20,2022
The British Pound found support following the release of stronger than expected inflation prints from the UK.
April 13,2022
UK unemployment fell to 3.8% in February from 3.9% in January while wages increased, data that should keep the British Pound supported near-term.
April 20,2022
Crédit Agricole retain a "relatively constructive" view on the British Pound for the rest of 2022, expecting UK consumers to dip into their large stockpile of savings to weather the negative impact of the country's surging inflation levels.
April 20,2022
The British Pound would remain under pressure against the Euro, Dollar and other major currencies in a new phase of market decline linked to the ongoing war in Ukraine and associated economic sanctions.
April 20,2022
Pound Sterling rose sharply against a broadly softer Euro during the opening half of the week but could struggle to advance by much beyond the nearby 1.20 level and remains at risk from a stronger Dollar as market attention turns to Wednesday’s Federal Reserve (Fed) meeting minutes.
April 6,2022
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