GBP could be better supported over the near-term courtesy of a strong economic growth report published this week which increases the odds for a 50 basis point rate hike at the Bank of England in August.

July 26,2022

The British Pound was firmer in midweek trade, in line with some better than expected economic data.

July 15,2022

GBP to track developments in crisis-hit gas markets over coming days but next Prime Minister could well determine how the UK currency trades over coming weeks.

July 13,2022

GBP thus far oblivious of Johnson's woes, but ut there are some benefits to the currency from the current political turmoil.

July 7,2022

GBP & EUR under immense selling pressure over recent hours and look set to remain vulnerable to further losses against USD as Europe's energy crisis deepens.

July 6,2022

GBP increasingly correlated with stocks, would benefit when markets recover, but further 10% decline in stocks possible says MUFG.

July 5,2022