The British Pound was underpinned by news at the start of the week the UK government would proceed with lifting the majority of the remaining Covid restrictions on July 19, however shaky market sen…
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UK high-street lender and international financial services giant HSBC say they expect the British Pound will fail to replicate the gains seen in the first quarter of 2021.
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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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