GBP will remain under pressure over the remainder of 2022 says Capital Economics.
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"The FX market is getting tired of waiting for the BoE to actually deliver something more hawkish." - HSBC's Dominic Bunning.
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GBP was higher after it was announced UK inflation hit 10.1% in July, leaving it more than five times higher than the Bank of England's target.
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The British Pound remained supported against the Euro and Dollar following the release of new data from the ONS that showed UK wages faster than expected in June, as job vacancies remain elevated i…
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The Bank of England (BoE) won applause from within the Citigroup foreign exchange business on Friday for its upfront acknowledgement of the UK economic car crash in progress and simultaneous steely…
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GBP was supported near recent levels against both the EUR and USD on Friday following the release of some better than expected UK GDP data that suggests the economy approaches a tough winter period…
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GBP rallies alongside improved sentiment, triggered by fall in U.S. inflation, meanwhile UK consumer confidence improves says YouGov.
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