The British pound enters the new week with some positive technical momentum that leaves it looking constructive against both the Euro and Dollar, but the release of inflation figures midweek could challenge recent moves.

December 18,2023

The British Pound rose against the Euro and Dollar after the Bank of England made it clear it was in no mood to entertain thoughts of interest rate cuts.

December 15,2023

It was a sea of disappointment from the ONS, who released a tranche of UK economic data that printed below market expectations, boosting the odds for Bank of England interest rate cuts in 2024 and weighing on the Pound.

December 14,2023

The British Pound dipped as an initial reaction to news UK wages cooled in October, but downside risks to the currency are limited as these data are unlikely to shift the Bank of England's policy stance on Thursday.

December 13,2023

Pound Sterling's rally against the Euro and Dollar has been checked by a fall in UK bond yields as investors maintain bets for Bank of England rate cuts in 2024.

December 7,2023

The Bank of England will cut interest rates before the U.S. Federal Reserve and the European Central Bank, leading to a soft trajectory for the British Pound in 2024.

December 6,2023