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 Au…
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The British Pound was firmer in midweek trade, in line with some better than expected economic data.
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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.
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GBP thus far oblivious of Johnson's woes, but ut there are some benefits to the currency from the current political turmoil.
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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.
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GBP increasingly correlated with stocks, would benefit when markets recover, but further 10% decline in stocks possible says MUFG.
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The Pound and Swiss Franc built further on their shares of the global FX reserve basket during the first quarter and in a period blighted by extreme market volatility as well as more than $300 BN o…
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