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.
Tag: Bank of England
Pound is Out of the Woods on Hotter than Expected Inflation
GBP recovered and attracted investor interest after the release of the United Kingdom’s ONS reported on inflation.
Pound Rises on Improved Market Sentiment
The improved market sentiment and hawkish comments from Bank of England (BoE) policymaker Katherine Mann have supported the pound.
Pound is Vulnerable Ahead of BoE Interest Rate Decision
The pound is vulnerable amidst elevated recession fears ahead of the Bank of England’s (BoE) next policy move on Thursday.
UK Inflation Falls Below Expectations: Will BoE Turn Dovish?
In the City, investors and economists are now wondering whether the Bank of England (BoE) will become less aggressive.
Sterling Faces Challenges as UK Inflation Data Takes Centre Stage
Pound Sterling has been grappling with significant challenges ahead of the upcoming UK inflation data.
Pound Jumps on Better-than Expected Labour Market Stats
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).
ECB Forum: Central Bank Heads Hint at Further Rate Hikes Ahead
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.
Expectations for Further Rate Hikes by the BoE Support Sterling
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.
Pound Falls on Disappointing UK Manufacturing and Services PMI
The UK Manufacturing and Services PMI data dropped below expectations, pushing the pound lower.