Pound Sterling's early gains melted away to leave behind widespread losses in what could remain volatile trade on Thursday following 'dovish' commentary from one Bank of England (BoE) official and amid what is increasingly banana republic style dysfunction in government and Westminster.

October 20,2022

The Pound rose against many major currencies during the penultimate session of the week but remains at risk from renewed political instability and uncertainty with all of the possible implications for a UK economy that some analysts describe as being already in recession.

October 20,2022

The Pound built further on widespread losses late on Wednesday in what appeared to be a response to the departure of another government minister, which was followed by declines in UK government bond yields that were incongruous with the domestic inflation picture and global financial backdrop.

October 19,2022

The British Pound was trailing behind both a broadly stronger Dollar and a generally softer Euro in midweek trade following another surprise increase from UK inflation rates and as financial markets fixated on rising U.S. bonds yields following yet more hawkish commentary from Federal Reserve (Fed) officials.

October 19,2022

Pound Sterling was left limping momentarily against the Dollar and Euro after Office for National Statistics data sugggested inflation rose further than expected in a September outcome that does little on its own to discourage the Bank of England (BoE) from raising interest rates aggressively in November.

October 19,2022

The British Pound rallied to a fresh six-week high against the Euro and approached October highs against the Dollar amidst broadly improved global investor sentiment and as markets welcomed the return of fiscal orthodoxy in the UK.

October 18,2022