Pound Sterling was one of many to benefit from a further ebbing of the U.S. Dollar’s dominance in global foreign exchange reserves late last year, according to newly released International Monetary Fund (IMF) figures, although the Russian invasion of Ukraine could mean the global reserve basket will look quite different next time around. 

April 1,2022

 

Pound Sterling was left trading with a limp against the Euro, Dollar and other currencies early on this week after Bank of England (BoE) Governor Andrew Bailey reminded financial markets of what is increasingly an uncertain outlook for Bank Rate. 

March 29,2022

Bank of America

GBP/EUR seen around 1.1904 by year-end, but slippage to 1.1764 likely into mid-year.

March 25,2022

Sunak filling car

The British Pound is proving highly sensitive to global investor sentiment and fears that a sharp slowdown in UK economic growth over coming months will lead to a drastic cut in expectations for future Bank of England rate hikes.

March 24,2022

British Pound news

The British Pound looks to recover further ground lost against the Euro and Dollar near-term as markets anticipate further Bank of England interest rate hikes and the war in Ukraine is offering diminishing returns to market 'bears'.

April 20,2022

Bank of England

"The pound has seen its gains against various currencies given back, and could struggle in the near-term as the more dovish tone is digested by markets"

March 18,2022

Bank of England to drive Sterling today

The Pound limps into the March Bank of England rate hike, but the market appears to pessimistic on the currency which offers scope for an upside suprise.

March 17,2022

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