Pound Sterling has come under renewed selling pressure amidst increasing confidence the Bank of England will cut interest rates in June.
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GBP fell after the ONS announced UK retail sales showed no growth in March 2024 (0% month-on-month). Losses would have been greater were it not for a positive revision to 0.1% from 0% for February'…
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Pound Sterling failed to capitalise on the above-consensus midweek inflation figures thanks to comments made by Bank of England Governor Andrew Bailey, who signalled he is intent on cutting interes…
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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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