The pound sterling has surged on strong employment data and signs that the Bank of England is moving closer to raising interest rates.
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The pound sterling remains firm after the release of inflation data for August on the 15th of September 2015.
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The pound sterling has edged higher against the euro following September's key inflation release.
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Today, the Euro and Pound Sterling pairing (EUR/GBP) is showing gains to advance to 0.7357 after last week’s ups and downs due to China’s devaluations and stock market plunge.
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It appears that the overwhelming consensus from the annual Jackson Hole Economic Policy Symposium, held in the US, is that the world’s central banks are ready and prepared for a US interest rate hi…
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The British pound has under-performed most currencies over recent days as expectations for the first interest rate in the upcoming cycle expected to be delayed.
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The dynamic at present is such - when the pound is up against the euro it is down against the US dollar and commodity currencies such as the Australian, New Zealand and Canadian dollars.
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