Effective Exchange Rate History:
Trade-weighted value of a currency against main trading partners
Spot Exchange Rate History:
Effective Exchange Rate History:
Trade-weighted value of a currency against main trading partners
Spot Exchange Rate History:
Recent data have confirmed that UK inflation and its underlying drivers are moderating but economists and markets remain split over what to expect from the Bank of England (BoE) next week with some suggesting it could elect to leave interest rates unchanged for the first time in more than a year.
March 20,2023
Pound Sterling could come under pressure if the 'hawkish' tones coming from the Fed and ECB are not yet digested, says Mann.
March 7,2023
GBP retreats on Bank of England Governor's speech.
March 7,2023
The Bank of England must continue hiking interest rates and avoid a pivot as UK financial conditions have eased warns Catherine Mann.
February 23,2023
The Pound to Dollar exchange rate came under pressure near 1.20 in the penultimate session of the week as financial markets mulled upside risks to Federal Reserve (Fed) and Bank of England (Fed) interest rates, the relative balance of which is potentially a constraint on Sterling's recovery prospects.
February 23,2023
The Bank of England (BoE) would risk going too far if it continues to lift Bank Rate as fast as it has in recent months, its chief economist Huw Pill has said, suggesting that he too could favour a return to more conventional sized increases, if any, as a response to lingering inflation risks up ahead.
February 17,2023
Don't bet against the Bank of England's inflation forecasts, is the warning from a leading international investment bank following the release of softer-than-expected UK inflation figures for January.
February 16,2023
The British Pound fell sharply in the wake of UK inflation numbers that prompted investors to reduce bets for the scope of future interest rate hikes at the Bank of England.
February 16,2023
The British Pound held onto a recent recovery as some of the 'big-hitters' Bank of England's Monetary Policy Committee (MPC) steered markets towards another rate hike in March as they warned risks to UK inflation were pointed higher.
February 9,2023
Mann said she sees material upside risks to the Bank's inflation forecasts.
February 6,2023
The Bank of England's Chief Economist has effectively condoned the fall in the cost of money in the UK that followed the Bank of England's Feb. 02 policy decision and guidance.
February 3,2023
Pound Sterling was nursing losses for the period in the final session of the week after the latest Bank of England (BoE) interest rate decision prompted widespread selling while further emboldening already-bearish forecasters.
February 3,2023
The British Pound shot higher before retreating again following the release of the Bank of England's first interest rate decision of 2023 and the release of its latest economic forecasts.
February 16,2023
UK inflation could prove more persistent than expected, even as European gas prices fall.
January 9,2023
The Bank of England could face a protracted period of wage increases in 2023 according to a key survey of businesses, suggesting core inflation in the UK might prove stickier than expected.
January 5,2023
The Bank of England (BoE) raised interest rates again this week but not all on the Monetary Policy Committee (MPC) agreed with the decision due to a three-way split of views about how quickly inflation could be expected to fall.
December 16,2022
The British Pound sold off in the wake of the Bank of England's decision to hike interest rates by 50 basis points, thereby maintaining what is becoming a standard response in the current cycle.
December 15,2022
Inflation expectations are back at nine-year highs according to a Bank of England survey, maintaining pressure on the central bank to pursue higher interest rates.
December 9,2022
The Bank of England will go with a 50 basis point hike as policymakers look to ease off the accelerator.
December 9,2022
A member of the Bank of England's Monetary Policy Committee (MPC) warned the Bank risked losing its battle in bringing inflation down to its 2.0% target.
November 29,2022