Bailey policy update

The British Pound was the biggest loser on a day of intense central bank action and some analysts say the UK currency's direction of travel is unlikely to flip in the near term.

February 3,2023

The British Pound shot higher before retreating again following the release of the Bank of England's first interest rate decision of 2023 and the release of its latest economic forecasts.

February 16,2023

The British Pound approaches Thursday's interest rate hike at the Bank of England beset by expectations for a 'dovish' decision.

February 2,2023

Bank of England to go 25bp Thursday, CIBC looks for soft inflation forecasts, says EUR/GBP upside favoured.

January 31,2023

GBP/EUR, GBP/USD forecast update from Credit Suisse.

January 27,2023

UK economy foreign exchange

The British Pound fell after PMI data showed the UK economy slowed faster than expected in January in an outcome that contrasted unfavourably with surprisingly strong Eurozone figures.

January 26,2023

Pound Sterling exchange rates fell widely to open the final session of the week after the Office for National Statistics (ONS) said retail sales volumes fell by one percent during December, making for the eighth time in a row that retail sales have fallen in December.

January 20,2023

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