Pound Sterling is very much a Developed Market currency according to a new research note from the FX research team at investment bank Nomura.
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As is often the case ahead of potentially major market-moving events, traders opted to cut back exposure to the British Pound in the lead-up to the midweek UK inflation release.
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Speculative investors have boosted 'long' exposure to the British Pound by a further 58,063 contracts, according to positioning data from the CFTC.
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The British Pound will this week encounter another key economic release in the form of CPI inflation for June which will determine whether the Bank of England will deliver a second consecutive 50 b…
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Pound Sterling remained the outperformer among major currencies for the year in the final session of the week but the rally is at risk of inviting increased prices of imported goods with potential …
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Pound to Euro rate rises to 1.17 in the immediate aftermath of the UK labour market release while the Pound to Dollar exchange rate goes to a new 2023 best at 1.2899.
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The British Pound remains 2023's top-performing currency but the first major test of July comes into view in the form of Tuesday's UK labour market release.
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