Deutsche Bank has dropped a long-standing negative stance towards the British Pound as it observes a number of fundamental improvements that should shore up the currency going forward.
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The British Pound held recent gains against the Euro and Dollar following official data that showed a slight downturn in headline UK inflation remains elevated in double-digit figures.
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The UK economy added more jobs than expected in November while wages grew faster than expected, maintaining pressure on the Bank of England to continue raising interest rates.
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Bilal Hafeez at Macro Hive has assessed the latest data from CME Group and finds hedge funds are betting on a rally in the Pound at the start of 2023, but he cautions conviction is lower than would…
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The British Pound was supported near recent highs against the Dollar but remains under pressure against a resurgent Euro as the first major UK data release of 2023 beats expectations.
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Incoming results from major UK retailers suggest the UK economy might be doing better than economists had expected.
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Peak pessimism towards the British Pound may be close to passing says a year-ahead research publication from MUFG, the global investment bank and lender.
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