A global stock market sell-off hints at a deterioration in investor sentiment, the effect of which is being reflected on foreign exchange markets where the British Pound is losing value against som…
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The British Pound was tipped to remain supported amidst expectations for a continued recovery of the UK economy, underpinned by the removal of all Covid-related restrictions by July 19.
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"We have not had much opportunity to laud sterling's performance over the past 5-years, but one cannot fault its efforts at the start of 2021." - Kamal Sharma, BofA.
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"It is important not to over-react to temporarily strong growth and inflation, to ensure that the recovery is not undermined by a premature tightening in monetary conditions." - Governor Bailey.
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The British Pound could take some near-term guidance from an appearance of the Governor of the Bank of England who is to deliver a speech at London's Mansion House.
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New analysis from a leading independent research house casts doubt on the British Pound's ability to sustain 2021 gains, with a combination of disappointing economic growth and political sensitivit…
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The British Pound is expected to remain supported over coming weeks and months by analysts at Barclays, but they say a repeat of those rapid gains seen in early 2021 is unlikely.
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