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The British Pound could weaken if the Bank of England 'pivots' its policy stance and hints the time to cut interest rates is coming; however, declines are tipped to be shallow according to Goldman Sachs and Barclays.
January 30,2024
News that UK public borrowing in December massively undershot expectations is good news for Chancellor Jeremy Hunt, and the Pound, according to foreign exchange analysts.
January 24,2024
Pound Sterling has rallied to one-week highs against the Dollar and is testing the top of a key range against the Euro, aided by positive investor sentiment.
January 23,2024
The British Pound fell against the Euro, Dollar and other currencies after UK retail sales for December disappointed.
January 19,2024
Global payments firm Argentex says 2024 will be characterised by further Pound Sterling resilience, with a potential boost coming from elections due in the second half of the year.
January 18,2024
The British Pound rose across the board after UK inflation for December rose by more than expected, leading markets to cool expectations for imminent Bank of England interest rate cuts.
January 17,2024
The Brtish Pound fell against the Euro, Dollar and other major currencies after investors bet an undershoot in the official wage figures meant the Bank of England could soon pursue aggressive rate cuts before long.
January 17,2024
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