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Pound Sterling sustained widespread losses earlier this week and there were strong indications, if not evidence that the breadth and depth of its declines resulted from an apparently successful attempt by the Swiss National Bank (SNB) to defend Switzerland’s Franc from a rampantly strong U.S. Dollar.
June 29,2022
The British Pound has not reached a bottom according to new research from UK high-street lender and international investment bank Barclays.
June 28,2022
Foreign exchange strategists at RBC Capital markets are expecting the Pound to suffer near-term losses against the Swedish Krona.
June 27,2022
UK retail sales fell in May as consumers felt the strain of rising prices, denying the British Pound a much needed boost ahead of the weekend.
June 24,2022
Peak investor pessimism towards the British Pound could be nearing say analysts at NatWest Markets.
June 23,2022
"The money that people do not spend on these services this week likely will be redeployed, either to next week, or to purchase other goods and services" - Pantheon Macroeconomics.
June 22,2022
GBP fell in the immediate aftermath of the release of UK inflation data which came in largely as expected, but some crucial elements of the report were in fact softer and could ultimately prove supportive of the currency.
June 22,2022
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