The British Pound remains 2023's top-performing currency but the first major test of July comes into view in the form of Tuesday's UK labour market release.
July 10,2023
The risks of a precipitous decline in the value of the British Pound from here are greatly reduced by an improvement in the UK's balance of payment fundamentals with the rest of the world, an outcome driven by increased UK saving rates as well as lower oil and gas prices.
July 7,2023
Speculative investors are the most bullish on Pound Sterling since times predating the value-shattering Brexit vote according to the largest snapshot of sentiment prevailing in the foreign exchange markets.
July 5,2023
In a new short-term currency outlook note, Barclays highlights the Pound's carry advantage and its correlation with resilient demand and tight labour markets. However, NatWest Markets is cautious.
July 4,2023
Recent weakness in the British Pound has raised questions about whether it was a result of position wash-out linked to month-end rebalancing in currency markets.
June 30,2023
Commerzbank, a leading financial institution, has warned that Pound Sterling is poised for a prolonged and significant decline against both the Euro and the Dollar.
June 29,2023
Speculative traders have significantly increased their bets for Pound Sterling to strengthen amidst a notable shift in sentiment for the better in the UK currency.
June 27,2023
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