Foreign exchange markets react to sell off

A global stock market sell-off hints at a deterioration in investor sentiment, the effect of which is being reflected on foreign exchange markets where the British Pound is losing value against some of its major peers.

July 8,2021

Johnson freedom day announcement

The British Pound was tipped to remain supported amidst expectations for a continued recovery of the UK economy, underpinned by the removal of all Covid-related restrictions by July 19.

July 7,2021

Pound outlook for second half 2021

"We have not had much opportunity to laud sterling's performance over the past 5-years, but one cannot fault its efforts at the start of 2021." - Kamal Sharma, BofA.

July 5,2021

Andrew Bailey

"It is important not to over-react to temporarily strong growth and inflation, to ensure that the recovery is not undermined by a premature tightening in monetary conditions." - Governor Bailey.

July 8,2021

Andrew Bailey

The British Pound could take some near-term guidance from an appearance of the Governor of the Bank of England who is to deliver a speech at London's Mansion House.

July 1,2021

Rapid vaccine rollout Johnson

New analysis from a leading independent research house casts doubt on the British Pound's ability to sustain 2021 gains, with a combination of disappointing economic growth and political sensitivities being eyed as headwinds.

June 30,2021

Pound coin

The British Pound is expected to remain supported over coming weeks and months by analysts at Barclays, but they say a repeat of those rapid gains seen in early 2021 is unlikely.

June 29,2021

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