The British Pound has received a boost after the latest UK inflation print exceeded expectations.
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The British Pound dipped against the Euro and Dollar after the unemployment rate in the UK rose to 4.2% in February from 3.9%, which was higher than the 4.0% expected by the market.
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The British Pound was broadly supported after the ONS said the UK economy grew in February and revised higher its initial estimate for January's growth.
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The British Pound looks vulnerable to further weakness against the Dollar but is better supported against the Euro and 'high beta' currencies following the strong U.S. inflation print that has jolt…
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The British pound has endured a soggy start to the new month, and analysts at Danske Bank expect further weakness in the coming months, while others remind us April is typically a strong month for …
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Analysts at BCA Research make the case for "short Sterling", citing technical, positioning and external vulnerabilities.
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April is typically favourable for the British Pound, and analysts say that the currency can appreciate against the Euro and Dollar.
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