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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ABN AMRO has upgraded its forecast for the British Pound against the Euro and Dollar expecting the Bank of England to be less "dovish" over the coming months than the ECB and Fed.
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The British Pound returned recent gains against the Euro and Dollar following the release of UK wage and employment figures.
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