The British Pound is experiencing notable selling pressure in midweek trade, despite a dearth of news to affix the moves to.
Read more … →"We think a bullish scenario for the UK (and its currency) could come as a surprise to many in 2023" - Morgan Stanley.
Read more … →The British Pound tracked a global market selloff lower after a surprisingly hawkish European Central Bank policy decision rattled investors.
Read more … →The British Pound sold off in the wake of the Bank of England's decision to hike interest rates by 50 basis points, thereby maintaining what is becoming a standard response in the current cycle.
Read more … →In an unusual twist, the British Pound could benefit from a bearish Bank of England.
Read more … →UK CPI inflation came in below analyst estimates when released mid-week, resulting in a softer Pound Sterling.
Read more … →UK economic growth data came in stronger than analysts were expecting when released on Monday, offering the Pound some sideline support at the start of what promises to be a pivotal week.
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