At present we see two camps with two very different answers as to how to approach the sterling dollar exchange rate at present, and we get the feeling that vindication for one of them will be provided before long.
August 23,2014
The British pound (GBP) enjoyed gains in the mid-week session after notes from the Bank of England showed its top decision makers were starting to lean towards raising interest rates.
August 22,2014
The British pound (GBP) has seen a mid-week recovery quickly turn to dust after UK retail sales conspired with falling inflation data to round off a week that was decidedly poor for the UK currency.
August 22,2014
Above: GBP/EUR forecast at Lloyds.
Economic statistics that showed UK inflation is falling faster than expected has ensured pound sterling (GBP) sellers remain well off their best levels of 2015.
August 20,2014
The start of a new week saw a recovery for the under-fire pound sterling (GBP) - this after the unit had slipped lower against the euro, dollar and other majors despite the strength of the UK economy continuing to outshine its Eurozone counterpart.
August 19,2014
The pound sterling (GBP) has declined to its lowest rate against the US dollar (USD) in over four month's this week offering relief to sterling buyers using the buck as a funding currency.
August 17,2014
The British pound (GBP) has lost notable ground against the US dollar (USD) and euro (EUR) after the Bank of England made it clear there was no chance of an early UK interest rate rise.
Markets reacted with a flurry of sterling selling as they re-priced their positioning for a Spring 2015 rate rise.
August 15,2014
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