Pound Falls on Disappointing UK Manufacturing and Services PMI
The UK Manufacturing and Services PMI data dropped below expectations, pushing the pound lower.
Tag: pound
How will Markets Respond to Super Thursday?
The GBP/USD pair has weakened on Thursday morning, as cautious sentiment prevailed in the market ahead of Bank of England’s monetary policy meeting.
GBP/USD Rises Ahead of BoE Interest Rate Hike on Thursday
GBP/USD recovered after taking a break during the UK holiday on Monday.
NZD Weakens after Kiwi Inflation Drops
Before the end of the week, the exchange rate between the pound and New Zealand dollar increased to its peak level since October.
Strong UK inflation Data Pushes GBP/USD Higher
The pound strengthened after the release of strong UK inflation data on Wednesday morning 7am (UK time).
Will the Pound Strengthen in 2023?
According to investment bank Morgan Stanley the British pound could be one of 2023’s best-performing financial assets. However, 2022 was a bad year and 2023 is forecast to be as bleak, but positive developments and surprises could provide a healthy boost to Sterling.