Searingly hot wage data will keep pressure on the Bank of England to raise interest rates further, which could in turn ensure the British Pound remains supported.
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The British Pound remains near the previous week's lows against a host of major currencies as investors limit exposure to the currency ahead of a number of key data releases.
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The British Pound edged higher against the Euro and Dollar in the wake of UK economic growth data that confirms the UK economy is set to avoid recession in the first half of 2023.
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According to a recent report by Deutsche Bank, the market's expectations for the British Pound may have become overly optimistic in recent weeks.
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The British Pound could experience a setback as the Bank of England will surprise investors by keeping interest rates on hold in early May, according to a leading investment and commercial bank.
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GBP/USD hits 10-month best, GBP/EUR tests key resistance at 1.1450.
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The British Pound's outlook remains upbeat in the near term although headwinds will likely ensure the prospect for substantial gains remains limited, according to one of Europe's largest commercial…
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