Falling stock markets are weighing on the British Pound with analysts saying an ongoing debate over U.S. interest rates appears to be behind the moves.
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A strong stock market rebound following some disappointing U.S. data has offered the British Pound a welcome bid towards the end of what has been a punishing week.
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Stocks, bonds and the Pound fell after ADP reported private payrolls in the U.S. rose by 235K in December which is notably higher than the 152K investors were expecting.
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HSBC predicts GBP & EUR to turn tables on GBP in 2023.
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The British Pound will lose value to the Euro and Dollar over the duration of 2023 says J. Safra Sarasin, a private Swiss bank, in a year-ahead research briefing.
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There was a strong bid for the Dollar at the start of the first London session of 2023, with both the Euro and British Pound losing ground by an equal measure.
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Pound Sterling ebbed against many counterparts in the final session of a tumultuous year, leaving it trailing behind a solid majority of major currencies for 2022 while the U.S. Dollar and the Swis…
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