70% chance the Bank of England hikes and keeps guidance unchanged, 20% chance a halt to the cycle is signalled = 90% chance the Pound falls today.

May 15,2023

Analysts at Goldman Sachs have upgraded their tactical stance on the British Pound to "outright constructive" amidst a surprising UK economic resilience and fading central bank divergence risks.

May 10,2023

Pound Sterling has broken out of a long-held range against the Euro, a move that hints further gains are possible on a technical basis, although Thursday's Bank of England policy decision could pose a fundamental setback.

May 10,2023

Risks stemming from next Thursday's Bank of England interest rate decision are to the downside for Pound Sterling.

May 8,2023

Pound Sterling is in demand on a combination of renewed U.S. banking fears and expectations that the European Central Bank was nearing a peak in its interest rate hiking cycle, which in turn implied a potential peak in the Euro.

May 5,2023

The Pound rose against a softening Dollar and many other currencies in midweek trade but data detailing the activities of traders suggests that its recent buoyancy at least partly reflects speculative interest reaching extreme levels, which may indicate limit scope for further upside in Sterling and a heightened risk of corrective losses ahead. 

May 3,2023