Pound Sterling Rises on Better-than-Expected Data and Cheerful Market Mood
The pound (GBP) continued to rise on Tuesday as market sentiment has improved and the UK reported relatively better-than-expected data.
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By Katie Oliver
The pound (GBP) continued to rise on Tuesday as market sentiment has improved and the UK reported relatively better-than-expected data.
By Katie Oliver
GBP recovered and attracted investor interest after the release of the United Kingdom’s ONS reported on inflation.
By Katie Oliver
The improved market sentiment and hawkish comments from Bank of England (BoE) policymaker Katherine Mann have supported the pound.
By Katie Oliver
The pound is vulnerable amidst elevated recession fears ahead of the Bank of England’s (BoE) next policy move on Thursday.
By Katie Oliver
In the City, investors and economists are now wondering whether the Bank of England (BoE) will become less aggressive.
By Katie Oliver
Pound Sterling has been grappling with significant challenges ahead of the upcoming UK inflation data.
By Katie Oliver
The positive market mood and increasing wage pressures have boosted the pound on Tuesday. This has increased expectations for further large rate hikes by the Bank of England (BoE).
By Katie Oliver
BoE Governor Andrew Bailey, Fed Chair Jerome Powell and ECB President Christine Lagarde all said that there is a possibility of further rate hikes ahead.
By Katie Oliver
Sterling has recovered on news that the Bank of England (BoE) may hike interest rates further. The cheerful market mood has helped to support the British currency.
By Katie Oliver
The UK Manufacturing and Services PMI data dropped below expectations, pushing the pound lower.
© Copyright Universal Partners FX 2023 | All Rights Reserved | Universal Partners FX Ltd, The South Quay Building, 77 Marsh Wall, Canary Wharf, London, E14 9SH, United Kingdom. Registered in England & Wales, number: 10674030. Universal Partners FX Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution under the Payment Services Regulations 2017. Our FCA Firm Reference Number is 820037.
For clients based in the United Kingdom and rest of the world, payment services for Universal Partners FX Ltd are also provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street, London, E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199)