"GBP has started to underperform a little and it looks as though investors are starting to adjust positions ahead of Thursday's BoE meeting" - ING.
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The British Pound was sold through the London morning and into the UK budget statement with no obvious triggers, and there is little indication that the budget itself has contributed to the price a…
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The British Pound will take cues from new spending and tax announcements issued by the UK Treasury at midday, with investors keen to establish if there will be a net boost to spending.
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The Pound to Euro exchange rate has reached a new 2021 high after it went to 1.1886 on October 26.
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The British Pound held recent gains following PMI data that pointed to a strengthening UK economy.
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A veteran foreign exchange trader has warned that a "turbo charged" sell off in the British Pound could follow a widely anticipate November interest rate rise at the Bank of England.
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UK inflation came in softer than expected on Wednesday, but with markets anticipating a surge in price rises over coming months the Bank of England remains set to raise interest rates and analysts …
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