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Pound Sterling has recovered against key levels against the Euro and Dollar as month-end approaches, but the coming days pose events and data that could yet see it trip.
April 30,2024
Pound Sterling's recent fall has been deemed "excessive" by some analysts who look for a steady recovery over the near-term.
April 25,2024
Pound Sterling extended its recovery against the Euro, Dollar and other currencies after the Bank of England's Chief Economist made it quite clear the outlook for UK monetary policy had not changed significantly in the recent path.
April 23,2024
The British Pound is recovering against the Euro and Dollar after data showed the economic rebound strengthened in April, as did inflationary pressures facing UK businesses.
April 23,2024
Pound Sterling has come under renewed selling pressure amidst increasing confidence the Bank of England will cut interest rates in June.
April 22,2024
GBP fell after the ONS announced UK retail sales showed no growth in March 2024 (0% month-on-month). Losses would have been greater were it not for a positive revision to 0.1% from 0% for February's release.
April 19,2024
Pound Sterling failed to capitalise on the above-consensus midweek inflation figures thanks to comments made by Bank of England Governor Andrew Bailey, who signalled he is intent on cutting interest rates soon.
April 18,2024
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