Foreign exchange strategists at global investment bank Morgan Stanley have told clients in a mid-year foreign exchange forecast update they are preparing to buy Pound Sterling, but only after further devaluation which they occuring over coming months.

May 16,2018

The British Pound firmed as a highly-anticipated set of labour and wage data broadly met expectatations.

May 15,2018

Sterling could be extra-sensitive to employment and wage data out on Tuesday due to the increasing tightness of the labour market.

May 14,2018

Pound Sterling suffered a fire-sale during the Bank of England's super-Thursday event, but ahead of the weekend we are finding the bears to be running out of steam with some positive hints about the economy coming from two high-street retailers.

May 11,2018

Rolling coverage of Pound Sterling's reaction to the release of the Bank of England's Monetary Policy Committee decision, Inflation Report and press conference.

May 22,2018

While no change to the interest rate is now expected at this month's event, the Bank's guidance and details contained within Inflation Report could be crucial in setting up market expectations for an August rate hike, an outcome that is being tipped as being broadly supportive to Sterling.

May 10,2018