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.
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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.
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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 …
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The British Pound is currently set to record a positive weekly close against the Euro and Dollar, helped by news the UK economy rebounded in November.
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The Pound-Euro exchange rate is proving a reliable currency pair to gauge, having exhibited exceptionally low volatility over the past eight months as it respects its tightest range since 2008.
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Pound Sterling entered the new week with strong impetus, but this has stalled by the midweek session, although two key events could yet prompt further gains against the Dollar and Euro.
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Pound Sterling holds onto gains registered against the Euro and the majority of G10 currencies in the first week of 2024, thanks to receding interest rate cut bets.
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