27 February 2024 Pound Sterling: 2% Downside Potential if Hunt Gets it Wrong

If Jeremy Hunt gets the March 06 budget wrong, the Pound could fall by as much as 2%, but analysts at ING also say there are some positives to look for.

Read more … →
22 February 2024 Exiting Recession: Pound Sterling Supported Against Euro and Dollar Following PMI Data Release

The UK economy appears to have extended its early-2024 recovery through February, with a much-watched survey of the economy reporting "a solid rate of service sector growth".

Read more … →
21 February 2024 "Constructive": BofA Lifts Pound Sterling Forecasts vs. Euro and Dollar

One of Wall Street's biggest banks has raised its forecasts for the British Pound, saying it can benefit from its newfound status of "the USD of Europe".

Read more … →
20 February 2024 Pound Sterling: Bank of England's Bailey Talks Rate Cuts

Pound Sterling extended its short-term decline against the Euro but was steadier against a broadly weaker Dollar after the Bank of England Governor Andrew Bailey said the bank could cut interest raโ€ฆ

Read more … →
20 February 2024 German Economic Woes Can Help Pound Sterling to Fresh Highs Against Euro

The Pound to Euro exchange rate could hit new highs in the coming months as the German economy's contraction extends into 2024, just as the UK economy rebounds from recession.

Read more … →
16 February 2024 Retail Sales Surge Offers Scant Support to Pound Sterling

The British Pound firmed on Friday following the release of stronger-than-expected UK retail sales for January, which will contribute to evidence that the economy will exit recession this quarter.

Read more … →
15 February 2024 Recession Confirmed: Pound Sterling Extends Falls Against Euro and Dollar

The British Pound dropped to fresh lows for the week after it was confirmed the UK fell into recession in the second half of 2023.

Read more … →