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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It was a 'hawkish' Bank of England update delivered on Thursday, one that would be expected to yield further gains in the British Pound, however, the currency ultimately retreated against the major…
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The British Pound rose in the wake of the Bank of England's May interest rate hike and guidance but soon retreated as investors booked profit on the rally and turned cautious amidst a notable sello…
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The British Pound rose sharply in an initial reaction to news the Bank of England has raised interest rates by a further 25 basis points and upgraded its GDP growth forecasts.
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