The British Pound enters month-end on a firmer footing, but given elevated global and domestic uncertainty investors will be wary of another slip.
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Pound Sterling turnover on two major interbank currency trading platforms rose to three times its typical level during Monday's volatility and has fluctuated at higher than usual levels throughout …
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The Bank of England will deliver a sizeable interest rate in November as it reacts to the government's new fiscal package and seeks to contain inflation, according to a major investment bank.
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The British Pound was the clear outperformer in the currency space on Thursday, registering gains against all its G10 peers.
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The British Pound saw heightened volatility on an announcement by the Bank of England it would intervene in the bond markets.
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Foreign exchange analysts warn the British Pound could be over 20% overvalued at current levels, implying scope for a further decline.
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A renewed decline in global markets has put fresh pressure on the British Pound and all indications are further losses are likely, potentially resulting in a retest of recent lows.
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