The British Pound fell after PMI data showed the UK economy slowed faster than expected in January in an outcome that contrasted unfavourably with surprisingly strong Eurozone figures.
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Pound Sterling exchange rates fell widely to open the final session of the week after the Office for National Statistics (ONS) said retail sales volumes fell by one percent during December, making …
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Deutsche Bank has dropped a long-standing negative stance towards the British Pound as it observes a number of fundamental improvements that should shore up the currency going forward.
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The British Pound held recent gains against the Euro and Dollar following official data that showed a slight downturn in headline UK inflation remains elevated in double-digit figures.
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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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