Pound Sterling rallied following a further boost to expectations that the Bank of England would raise interest rates in the first half of 2022, although gains were soon relinquished.
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UK tax rises are "significant enough to slow the economic recovery next year" - Pantheon Economics.
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The British Pound was a laggard on Tuesday following the announcement of fresh tax hikes in the UK, a move the government said was required to pay for the health and social care systems.
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The UK has confirmed it won't be placing any checks on goods entering Northern Ireland from the rest of the country, a move that analysts says removes a potential future flashpoint for Sterling.
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RBC Capital Markets are forecasting sizeable declines in the value of the British Pound before 2021 is out with losses extending into 2022.
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The British Pound advanced against the Dollar but locked horns against the Euro following the release of some underwhelming U.S. jobs numbers.
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The Pound would likely lose ground against the Dollar but would potentially gain against the Euro on such an outcome as analysis shows the Euro to be more sensitive to hawkish U.S. interest rate ex…
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