2023 will be tough for GBP says Bank of America, but 2024 has silver linings.
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The British Pound fell sharply in the wake of UK inflation numbers that prompted investors to reduce bets for the scope of future interest rate hikes at the Bank of England.
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The Bank of England will have breathed a sigh of relief on receiving today's inflation numbers that showed some sharp falls in the rate of price increases in January.
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GBP was higher in the wake of data that revealed UK wages continue to grow at inflationary levels amidst ongoing 'tightness' in the UK labour market.
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The British Pound looked to defend a weekly advance against the Euro and Dollar as it was revealed the UK economy shrank by more than expected in December.
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The risk-sensitive British Pound was an outperformer on global currency markets after U.S. data came in softer than expected, keeping alive market expectations for an ultimate end to the Federal Re…
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The British Pound held onto a recent recovery as some of the 'big-hitters' Bank of England's Monetary Policy Committee (MPC) steered markets towards another rate hike in March as they warned risks …
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