21 March 2023 Pound Sterling is 2023's Best Performer as London's Banks Steer Clear of the Spotlight

The British Pound is 2023's best-performing developed market currency and further gains are likely say analysts at a major investment bank, despite global banking sector stress.

Read more … →
17 March 2023 Pound Sterling Buoyed by Falling U.S. Dollar in Risk Averse Market Conditions

Pound Sterling rose widely in the final session of the week despite evident risk aversion among investors who shunned sinking stocks and commodities in favour of government bonds while also giving …

Read more … →
17 March 2023 British Pound, Euro and Others Gain as Financial Fears Wane 

The Pound, Euro and other currencies had almost fully reversed their earlier losses against the Dollar by the final session of the week as market concerns about the stability of banking sector…

Read more … →
16 March 2023 Buying Overseas Travel Money: Pound Sterling Below Parity against the Euro and Dollar at the UK's Largest Airport

Foreign exchange dealers at Heathrow Airport are offering euros and dollars at below parity, despite the spot level in both exchange rates being significantly higher.

Read more … →
15 March 2023 Budget 2023: Growth Boosting Measures Can Benefit Pound Sterling

There will be some giveaways in Budget 2023, but "no helping hand for Sterling" says strategists at Barclays.

Read more … →
14 March 2023 Pound Sterling Holds Gains, Even as Wage Deceleration Gives Bank of England Cause to Pause

The British Pound held its recent gains against the Euro and U.S. Dollar following the release of data that showed the UK's labour market remained 'tight', ensuring the prospect of another rate hik…

Read more … →
13 March 2023 Pound and Euro Clobber the Dollar as SVB Failure Heaps Pressure on the Fed to Call Quits on Rate Hikes

Global short-term bond yields are collapsing as investors bet central banks will have little choice but to ease back on their interest rate hiking intentions in the wake of Silicon Valley Bank's (S…

Read more … →