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Financial markets approved of the UK's Autumn Statement which promised a return to fiscal credibility, but the British Pound is proving increasingly reactive to global investor sentiment which should determine near-term direction.
November 18,2022
GBP and UK bond markets were steady as the UK government's Treasury department laid out plans to ensure the country's finances remained in good shape.
November 18,2022
A credible Autumn Statement from Chancellor Jeremy Hunt could result in a stronger British Pound.
November 17,2022
GBP fell following some hotter-than-expected UK inflation data that suggested the Bank of England could not yet afford to quit its interest rate hiking cycle.
November 16,2022
GBP was higher following reports UK wages came in stronger-than-expected in the UK's latest set of labour market statistics, but there are clear signs the market is cooling as the unemployment rate rose.
November 15,2022
The British Pound held its Thursday gains against the Dollar, Euro and other major currencies following the release of UK GDP data on Friday that showed the UK economy shrunk 0.6% in September.
November 11,2022
GBP slides on global factors, U.S. inflation key event today.
November 10,2022
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