GBP underperforms amidst soft risk sentiment.
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The British Pound will remain under pressure against the Euro, Dollar and other major currencies with news UK inflation has come in at higher levels than markets were expecting likely to only offer…
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The British Pound was softer against the Euro and Dollar after the release of UK wage data that hints the labour market continues to cool and will help bring down inflation over the coming months, …
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A surge in natural gas prices and an uptick in U.S. core inflation are two signals that could prompt the Bank of England into another rate hike before year-end.
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The British Pound looks to defend a run of small daily gains against the Euro and a more pronounced short-term rebound against the Dollar but will find little assistance from uninspiring GDP data.
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The British Pound looks set to reboot its rally against the Euro and Dollar over the coming months according to analysis from Bank of America Merrill Lynch.
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The market is neutrally positioned on the Pound following weeks of selling pressure, meaning the risk of a further sizeable decline driven by repositioning is greatly reduced.
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