Bank of England Governor Andrew Bailey confirms a 50 basis point rate hike is indeed likely in August.
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Global market sentiment remains in overall charge of the British Pound on the day the UK reported some mixed labour market data.
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Foreign exchange strategists at Morgan Stanley have upgraded their stance on the British Pound to neutral.
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A positive start to the new week for global markets has benefited the British Pound but put the Dollar on the back foot, although analysts remain of a view these 'risk on' episodes are likely to re…
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The British Pound steadied ahead of the weekend amidst settling global market conditions but was still looking to record a weekly loss against the Dollar, its third successive weekly decline in a r…
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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…
Read more … →The British Pound was firmer in midweek trade, in line with some better than expected economic data.
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