Pound braces for lacklustre UK inflation figures
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
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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.
The pound struggled to find momentum mid-week in light of renewed Brexit uncertainty.
A downgraded UK construction PMI offered the pound little in the way of encouragement on Friday as the sector fell deeper into contraction.
The pound trended higher on New Year’s Eve, bolstered by hopes that a notable bump in minimum wage will help to boost growth in the UK this year.
An unexpected uptick in UK mortgage approvals encouraged the pound to hold onto its positive footing at the start of the week.
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