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Markets Await Key Inflation Data and Spring Statement as GBP Holds Firm
GBP The Pound struggled against its major counterparts on Friday after the Bank of England (BoE) left interest rates unchanged at 4.5%. Despite a slightly hawkish tone, the decision weighed on Sterling. The Monetary Policy Committee (MPC) voted 8-1 to maintain rates, with only Swati Dhingra supporting a 25 basis point cut. Markets had expected…
Read MoreBOE and FED in the Spotlight
GBP The pound managed to recapture some of the losses it sustained the week before last as it gained by 0.3% and 0.6% against the euro and dollar, respectively. Though the US bond market failed to settle as we saw another blow out on Friday, sterling managed to make overall weekly gains despite a difficult…
Read MoreEuro slumps and Flash PMI’s
GBP GBP/EUR opened this morning at the highest point since the UK first decided to leave the EU back in 2016. The Pound picked up towards the back end of last week following the Prime Minister’s cabinet reshuffle and more importantly the resignation and replacement of Sajid Javid. There could be scope for further Sterling…
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