Foreign exchange analysts at UBS retain a constructive bias on the British Pound despite the recent announcement that a General Election will take place on July 04.
May 30,2024
Pound Sterling has taken news of a July 04 General Election in its stride, hitting multi-week highs against the Euro, but some analysts say the currency could wobble if Labour's sizeable advantage in the polls declines.
May 30,2024
The British Pound consolidates recent gains made against the Euro and Dollar, and some analysts we follow expect further robust trade ahead.
May 28,2024
The British Pound dipped against the Euro and Dollar after UK retail sales fell sharply in April, but markets look willing to look through the figures owing to the effect of incelement weather.
May 25,2024
The Pound shed some of the previous day's gains after a survey of the UK economy showed a slowing in activity during May.
May 23,2024
The Pound to Euro exchange rate powered to its highest level since March at 1.1736 after UK inflation fell to 2.3% year-on-year in March, a figure that was higher than the market and the Bank of England were expecting.
May 22,2024
The British Pound "could be in for a negative shock if the Bank of England cuts interest rates at its next two meetings," according to a new analysis.
May 21,2024
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