The pound (GBP) fell sharply yesterday after the UK’s November consumer price index came in below expectations, reinforcing bets that the Bank of England (BoE) will cut interest rates. Headline ...
The Bank of England (BoE) is expected to cut interest rates when it concludes its last policy meeting of the year on Thursday. While the cut is already priced in, the pound (GBP) is likely to be ...
The pound (GBP) saw erratic movement yesterday as the absence of UK data left Sterling at the mercy of broader market turbulence. With investors on edge ahead of the Federal Reserve announcement and ...
The pound (GBP) pushed higher yesterday, with Sterling attracting renewed demand after slipping into what looked like oversold territory. Further support came from the UK’s final services PMI, which ...
The pound (GBP) ended last week on the back foot, with lingering scrutiny of the UK autumn budget draining some of the confidence that briefly lifted Sterling after Wednesday’s announcement. Investors ...
The pound (GBP) lost momentum yesterday, with GBP wobbling after briefly touching a four-week peak in the immediate aftermath of Wednesday’s budget. With the dust still settling, markets appeared to ...
The pound (GBP) traded without a clear trajectory yesterday, climbing against weaker rivals as markets digested mixed UK government borrowing data. Although public borrowing increased in September, ...
The pound (GBP) traded without much conviction on Tuesday, with markets shrugging off an upward revision to the UK’s year-on-year GDP growth in the second quarter. Concerns about looming tax hikes in ...
The pound (GBP) softened yesterday as the absence of fresh UK economic data left investors to dwell on gloomy domestic reports. Headlines highlighting a tough environment for British businesses – ...
Easing UK fiscal jitters helped the pound (GBP) to strengthen yesterday, clawing back some of the ground lost at the end of last week. Sterling sentiment was buoyed by Chancellor Rachel Reeves, who ...
The pound (GBP) softened on Thursday in the wake of the Bank of England’s (BoE) latest policy call. As expected, the BoE opted to keep rates unchanged, though Sterling came under pressure after ...
The pound (GBP) ended last week under pressure after the UK’s latest GDP figures showed the economy flatlined in July. News of stagnant growth at the start of the third quarter weighed on Sterling, ...