The pound (GBP) weakened throughout yesterday’s session as investors continued to price in further interest rate cuts from the Bank of England (BoE) this year. However, Sterling showed resilience ...

Daily updates on how key currencies are performing in the currency markets.

The pound (GBP) edged higher at the end of last week after Bank of England (BoE) Chief Economist Huw Pill struck a hawkish tone in his latest comments. Pill’s suggestion that the BoE isn’t ready to ...

This week sees the publication of the UK’s latest GDP figures, which could pull the pound (GBP) lower if they reveal that economic growth stalled or even contracted in the last quarter of 2024.

The pound (GBP) strengthened at the close of last week’s session after the UK’s services PMI exceeded forecasts in December. Sterling investors also took note of mounting inflationary pressures within ...

The pound (GBP) struggled for direction on Tuesday as investors held off on making any major moves ahead of the Bank of England’s (BoE) interest rate decision on Thursday. While a 25 basis point rate ...

This week will see the publication of the UK’s latest jobs report. The pound (GBP) may come under pressure if November’s employment and wage growth figures both fall short of expectations. The release ...

The pound (GBP) was subdued on Wednesday as markets reacted to the UK’s latest services PMI release. January’s finalised figures saw the crucial services sector revised lower, stoking concerns that ...

The pound (GBP) fell sharply on Thursday after the Bank of England (BoE) delivered a 25 basis point interest rate cut. Although the move was widely expected, Sterling weakened as investors were ...

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The pound (GBP) outperformed many of its peers on Monday as markets remained optimistic that UK-US trade relations will remain stable under Trump’s leadership. This followed comments from Trump ...

The pound (GBP) remained largely rangebound on Friday, with a lack of key UK economic data leaving the currency without much impetus. Uncertainty surrounding the Bank of England’s (BoE) upcoming ...