Pound hits monthly highs
An unexpected surge in the first quarter CBI business optimism index helped GBP exchange rates gain across the board yesterday.
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An unexpected surge in the first quarter CBI business optimism index helped GBP exchange rates gain across the board yesterday.
A surprise decline in UK retail sales weighed heavily on the pound ahead of the weekend as the odds of an imminent Bank of England (BoE) interest rate
News that credit conditions softened in the fourth quarter had little impact on the pound yesterday, with the deterioration offering little surprise t
GBP exchange rates came under renewed pressure in the wake of December’s UK consumer price index, which missed market forecasts.
As the initial impact of the recent dovish comments from Bank of England (BoE) policymakers faded this encouraged GBP exchange rates to recover some o
A surprise -0.3% monthly UK growth contraction saw the pound fall sharply out of favour at the start of the week.
The pound was struggling at the end of last week’s session following comments by the Bank of England’s (BoE) Silvana Tenreyro.