News that UK public borrowing in December massively undershot expectations is good news for Chancellor Jeremy Hunt, and the Pound, according to foreign exchange analysts.
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Pound Sterling has rallied to one-week highs against the Dollar and is testing the top of a key range against the Euro, aided by positive investor sentiment.
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The British Pound fell against the Euro, Dollar and other currencies after UK retail sales for December disappointed.
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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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