GBP was higher after it was announced UK inflation hit 10.1% in July, leaving it more than five times higher than the Bank of England's target.

August 17,2022

The British Pound remained supported against the Euro and Dollar following the release of new data from the ONS that showed UK wages faster than expected in June, as job vacancies remain elevated in a low-unemployment environment.

August 16,2022

The Bank of England (BoE) won applause from within the Citigroup foreign exchange business on Friday for its upfront acknowledgement of the UK economic car crash in progress and simultaneous steely resolve to go on doing whatever is necessary to drive inflation back to the two percent target level.

August 12,2022

GBP was supported near recent levels against both the EUR and USD on Friday following the release of some better than expected UK GDP data that suggests the economy approaches a tough winter period in better shape than feared.

August 12,2022

GBP rallies alongside improved sentiment, triggered by fall in U.S. inflation, meanwhile UK consumer confidence improves says YouGov.

August 11,2022

The British Pound will remain supported against the Dollar show new forecasts but the prospect of Bank of England interest rate cuts in 2023 could create downside pressure, particularly against the Euro says an independent economics research provider.

August 9,2022