Barclays says in a new forecast revision it turns "less hopeful" on the British Pound's prospects, particularly against the Euro, Dollar and Swiss Franc.

September 5,2023

The Bank of England will keep interest rates at elevated levels for a protracted period according to Chief Economist Huw Pill, in what amounts to fresh confirmation a return to lower interest rates in 2024 is unlikely.

August 31,2023

The Pound was trading back beneath an important level of technical support against the Dollar and struggling to remain afloat relative to the Euro on Friday after risk appetite faltered amid a government bond yield previously while furthering earlier losses in Sterling.

August 25,2023

The Pound was steadier on its feet near earlier lows against the Dollar and Euro in the penultimate session of the week as financial markets contemplated what central bankers could say at an imminent Federal Reserve (Fed) conference but the economic outlook could also be limiting enthusiasm for Sterling.

August 24,2023

Pound Sterling exchange rates fell widely in midweek trade after respondents to S&P Global surveys cited high interest rates and other headwinds for an August softening of business conditions in the services industry underpinning the domestic economy with possible implications for Bank of England (BoE) interest rate policy.  

August 23,2023

Pound Sterling remained the best performing major currency of the year in the midweek trading session but that could change during this Autumn's 'crisis season' in the markets if Nomura is right to be advocating that clients bet on large losses against the Dollar and Euro for the months ahead. 

August 23,2023