The Pound has reversed all of its post-budget losses but some strategists say it could be likely to unravel again before year-end and have advocated that clients sell Sterling against the Dollar following any recovery back above 1.15, citing scope for it to fall as far back as 1.08 again in the months ahead. 

October 26,2022

The Pound got off to a strong start this week but its rebound stalled after former Chancellor Rishi Sunak was confirmed as the next Prime Minister in waiting following a Conservative Party leadership election that will have significant implications for Sterling and the UK economy in the months ahead. 

October 25,2022

The Pound to Dollar exchange rate surged into the London close on Friday amid a spectacular rally from the Japanese Yen that appeared to drive a market-wide slump in Dollar exchange rates and was followed by reports of direct intervention from the government in Tokyo and Bank of Japan (BoJ).

October 21,2022

Pound Sterling was wallowing deep in the red against most counterpart currencies ahead of the weekend with dire economic figures and the Prime Ministerial selection process dominating the agenda while eliciting much commentary from analysts and economists. 

October 21,2022

Pound Sterling stumbled into the final session of the week after Office for National Statistics (ONS) data suggested UK retail sales crumbled in September, effectively erasing more than two years of gains built since the first coronavirus-inspired closure of the economy in 2020. 

October 21,2022

Prime Minister Lizz Truss announced on Thursday that she will resign from office following an undisclosed process to determine her replacement, leading to a range of responses from analysts, economists and others from across the economy, some of which are reproduced below.

October 20,2022