The British Pound's major downside risk in the near future is a turn lower in global stock markets according to analysts, confirming global risk sentiment to be one of the key external drivers of the UK currency.

August 13,2021

The UK economy grew more than expected in June and although the British Pound failed to show any significant volatility, the GDP data has helped it shore up recent gains.

August 18,2021

The British Pound has reached its highest levels against the Euro since February 2020 as the UK currency makes progress on reversing its Covid-inspired decline, but sustained gains against the U.S. Dollar remain elusive.

August 11,2021

The British Pound maintains its status as one of the top performing major currencies of 2021, aided recently by a Bank of England willing to explore fresh policy paths and a foreign exchange market that prefers both dollars and pounds to euros.

August 9,2021

The Bank of England is set to raise interest rates in the second or third quarters, according to the reaction of interest rate and foreign exchange markets to the August policy update.

August 18,2021

"We see moderate upside risks to GBP if our base case is confirmed as the BoE slowly moves toward the exit" - James Rossiter at TD Securities.

August 5,2021