Economists warn that unless the Bank of England is bold and hikes by a large increment of at least 50 basis points the British Pound could fall further.
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GBP sensitivity to broader risk sentiment was on display just hours ahead of a key U.S. Federal Reserve interest rate decision and that of the Bank of England a day later.
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The British Pound has been hammered as international investors lose confidence in the UK economy and the Bank of England's ability to control inflation expectations.
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The Pound came under heavy and widespread pressure on Tuesday as global stock and bond markets took a drubbing while events in Westminster elicited ill founded speculation about the UK and EU trade…
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The British Pound has settled against the Euro and Dollar having registered sharp losses over the course of the past 24 hours, aided by a stabilisation in under-pressure global equity markets and f…
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GBP starts the new week softer against the Euro and Dollar in the wake of disappointing economic growth data and expectations the UK government will announce changes to the Northern Ireland Protoco…
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GBP hit its stride heading into the midweek session recording strong advances against the Dollar, Euro and all other major currencies.
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