The British Pound was an outperformer on global foreign exchange markets on Monday May 10 as investors welcomed an easing of UK political risks.
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Foreign exchange analysts have been reacting to the decline in the British Pound in the wake of the Bank of England's Thursday policy event with some saying any weakness in the currency could be se…
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The Bank of England has reduced the scale of its quantitative easing programme while issuing a sizeable upgrade to their 2021 economic growth forecasts, a decision that has prompted some volatility…
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The British Pound will today take direction from the Bank of England who will announce - or delay - a decision on whether to boost or reduce quantitative easing.
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The British Pound faces a double-header of risk events over coming days with the Bank of England's Thursday policy meeting potentially setting the tone for how May plays out.
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The UK's vaccine rollout will speed up in May according to reports, easing what might have been a contributing factor to the Pound's lacklustre April performance.
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Research from Crédit Agricole shows that the British Pound could be vulnerable to political risks over coming days, and they have advocated a 'sell' on the currency as a result.
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