The British Pound was softer across the board after UK inflation figures for October came in below analyst expectations and verified market expectations that the Bank of England would be in a position to cut interest rates by the middle part of 2024.

November 17,2023

The British Pound rose against the Euro, Dollar and most other currencies as an initial reaction to surprisingly strong UK wage numbers and news that the UK unemployment rate was unchanged in September.

November 14,2023

A string of UK economic growth figures have roundly beat expectations, but the British Pound has found little comfort and is likely to remain under pressure over the coming days.

November 10,2023

According to an analyst we follow, a "buying thrust" in global equity markets could be underway, and market correlations mean it could just propel the British Pound higher into year-end.

November 9,2023

The jump in the value of Pound Sterling seen last week appears to be something of a false dawn for those wanting a stronger exchange rate as the UK currency comes back under pressure amidst a softening global market backdrop and increased bets the Bank of England will cut interest rates before long.

November 8,2023

The Pound recovered from its lows after the Governor of the Bank of England pushed back at rising expectations that the Bank of England would cut rates by as early as the third quarter of 2024.

November 6,2023