Pound Sterling has recently shown greater reverence for bond yield differentials with some other currencies and in the context of the cautious inflection now creeping into the Bank of England (BoE) policy stance, this potentially says something about the outlook for other currencies including the U.S. Dollar.
April 5,2022
Pound Sterling was one of many to benefit from a further ebbing of the U.S. Dollar’s dominance in global foreign exchange reserves late last year, according to newly released International Monetary Fund (IMF) figures, although the Russian invasion of Ukraine could mean the global reserve basket will look quite different next time around.
April 1,2022
Pound Sterling was left trading with a limp against the Euro, Dollar and other currencies early on this week after Bank of England (BoE) Governor Andrew Bailey reminded financial markets of what is increasingly an uncertain outlook for Bank Rate.
March 29,2022
GBP/EUR seen around 1.1904 by year-end, but slippage to 1.1764 likely into mid-year.
March 25,2022
The British Pound is proving highly sensitive to global investor sentiment and fears that a sharp slowdown in UK economic growth over coming months will lead to a drastic cut in expectations for future Bank of England rate hikes.
March 24,2022
The British Pound looks to recover further ground lost against the Euro and Dollar near-term as markets anticipate further Bank of England interest rate hikes and the war in Ukraine is offering diminishing returns to market 'bears'.
April 20,2022
"The pound has seen its gains against various currencies given back, and could struggle in the near-term as the more dovish tone is digested by markets"
March 18,2022
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