The British Pound has risen to fresh multi-month highs but the coming week could result in a setback if inflation data surprises either higher or lower and the Bank of England strikes a cautious to…
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Bank of America has raised its Pound forecasts saying the UK currency will remain supported despite the UK economy's "grim fundamental outlook".
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The British Pound's stellar 2023 will ultimately unravel at some point in the coming weeks as the UK economy begins to underperform rivals say BNP Paribas in a new currency forecast note.
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The British Pound's initial reaction was to go higher following the release of a UK labour report that roundly trounced analyst expectations and suggested the UK would continue to see elevated infl…
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Pound Sterling bulls "appear reluctant... as liquidity dries up ahead of a slew of data followed by Fed, ECB and BoJ meetings later in the week."
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The British Pound faces two data releases this coming week in what amounts to the first real domestic test for the currency for this month.
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Pound Sterling is at strong levels and one payment specialist says there is a risk buyers of euros and dollars risk being disappointed by a negative reaction to incoming data.
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