Pound sterling set for worst week all year as markets reassess path for interest rates Markets The decrease has knocked sterling from its remarkably strong start to the year, which has seen it outperform all other major currencies.
Pound’s strength against the dollar risks ‘damage’ to UK’s competitiveness Economics The pound reaching its highest level in over two years against the dollar risks damaging the international competitiveness of the UK, City analysts have warned. Sterling now sits at $1.34, its highest since February 2022 and far from its low point of $1.03 in the days after Liz Truss’ mini budget. However, while the strength [...]
Pound’s rally fades ahead of crucial US jobs data Markets The pound’s stunning rally has stalled as traders look for direction amid a quiet week in the data calendar for the UK. Sterling was trading 0.2 per cent lower against the dollar at around $1.311 having lost over one per cent against the greenback in the past five days. The dollar has been trading around [...]
Pound set to continue surge against dollar as interest rate cuts slow September 2, 2024 The pound is set to be one of the world's top-performing major currencies this year, according to Bank of America, amid expectations of “above trend growth” in the UK economy and slower interest rate cuts,
Pound sterling reaches two-year high against the dollar as interest rate bets diverge August 27, 2024 The pound was trading just under 0.2 per cent higher against the dollar at $1.322 having traded just below $1.3250 earlier in the day.
Pound edges above $1.30 as Fed expected to cut rates in September August 20, 2024 The pound has not traded above $1.30 on a sustained basis since mid-2022.
Bullish analysts think sterling’s rally will continue despite chance of interest rate cuts July 23, 2024 Sterling has been one of the strongest performing currencies this year on the back of sticky inflation and stronger than expected growth.
Sterling soars to multi-year highs as investors flock to ‘safe haven’ UK July 12, 2024 Higher interest rates benefit domestic currencies, because international investors are able to earn a higher return on their investments.
Has sterling finally recovered from the impact of Brexit? June 3, 2024 A recovering economy is more likely to receive overseas investment, strengthening the pound.
Pound Sterling climbs to it highest level against the euro since August 2022 May 29, 2024 The pound hit its highest level against the euro since August 2022.