Pound Sterling exchange rates fell widely in midweek trade after UK inflation fell less than many forecasters expected for the recent month with possible implications for the Bank of England (BoE) …
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Headline UK inflation has fallen back sharply when compared to a month ago, but the fall was not great enough to undershoot market expectations, leaving the Pound supported.
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The UK economy likely continued to grow in May according to new survey data, but because the figures came in below analyst expectations the British Pound fell back.
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As sterling continues its rally against the dollar, portfolio managers now have numerous different trading styles to choose from in comparison to a decade ago – with FX trading more complicated tha…
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Sentiment towards the British Pound continues to improve with the Commitments of Traders (COT) report showing investors are the most bullish since 2021.
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The British Pound held ground above 1.15 against the Euro and recouped losses against the Dollar as investors squared positions ahead of the weekend amidst a brightening global investor sentiment.
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Nomura adds a short position on GBP/USD to its strategy portfolio in anticipation of a consensus-beating fall in UK inflation expected to be announced next week.
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