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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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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