The British Pound dipped against the Euro and Dollar after the unemployment rate in the UK rose to 4.2% in February from 3.9%, which was higher than the 4.0% expected by the market.
April 17,2024
The British Pound was broadly supported after the ONS said the UK economy grew in February and revised higher its initial estimate for January's growth.
April 12,2024
The British Pound looks vulnerable to further weakness against the Dollar but is better supported against the Euro and 'high beta' currencies following the strong U.S. inflation print that has jolted volatility.
April 11,2024
The British pound has endured a soggy start to the new month, and analysts at Danske Bank expect further weakness in the coming months, while others remind us April is typically a strong month for the currency.
April 5,2024
Analysts at BCA Research make the case for "short Sterling", citing technical, positioning and external vulnerabilities.
April 3,2024
April is typically favourable for the British Pound, and analysts say that the currency can appreciate against the Euro and Dollar.
March 27,2024
The British Pound's status as 2024's top-performing currency has been put on notice as the odds of a June interest rate cut have risen, but losses are likely to be limited says Nomura.
March 26,2024
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