UK retail sales fell in May as consumers felt the strain of rising prices, denying the British Pound a much needed boost ahead of the weekend.
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Peak investor pessimism towards the British Pound could be nearing say analysts at NatWest Markets.
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"The money that people do not spend on these services this week likely will be redeployed, either to next week, or to purchase other goods and services" - Pantheon Macroeconomics.
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GBP fell in the immediate aftermath of the release of UK inflation data which came in largely as expected, but some crucial elements of the report were in fact softer and could ultimately prove sup…
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Bank of England Chief Economist Huw Pill becomes the second member of the Monetary Policy Committee to mention the value of Pound Sterling when fighting inflation.
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The Bank of England's Catherine Mann says the British Pound is at risk of falling further and pushing UK inflation even higher unless a more activist approach to interest rate management is adopted…
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The domestic highlight for the British Pound this week will be the release of inflation data on Wednesday although Friday's retail sales read will also be highly anticipated.
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