The British Pound suffered significant losses in value against all the world's major currencies over the course of the past 24 hours and looks vulnerable heading into the midweek session, as investors fear the UK is headed for a 'winter of discontent'.
September 29,2021
The British Pound was sold against the Euro and Dollar as global investors dumped stocks and high yielding assets in the face of increasing fears that inflation was heading higher for a protracted period amidst a global energy crisis.
September 28,2021
The British Pound could advance recent gains made against all the major currencies, with analysts saying the gains are linked to fears the UK is about to see a surge in inflation levels that outstrips those seen in other markets.
September 28,2021
The Bank of England's Governor Andrew Bailey again warns that interest rates can rise while quantitative easing is still ongoing, a message that introduces the prospect of a rate rise before the end of the year.
September 27,2021
"It took bond investors a night’s sleep before the message hit. But when it hit, it hit hard" - KBC Markets.
September 24,2021
The British Pound can extend its post-Bank of England rally according to analysts we follow, although 2021 highs remain some way off given its recent underperformance.
September 24,2021
The British Pound rallied against the Euro and Dollar after the Bank opted to maintain interest rates and quantitative easing levels at existing settings, but warned of the prospect of elevated inflationary levels.
September 23,2021
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