Pound Sterling

The GBP/JPY pair finds itself at a critical juncture as the British Pound has experienced a slight pullback against the Japanese Yen in recent weeks. Although there have been attempts to push higher, the price action is signaling a potential topping pattern, noticeable between June 27th and July...

Tomorrow morning, Great Britain awaits a key set of economic releases, including inflation data points, producer price index data points, and retail price index figures. Notably, consumer price inflation in the United Kingdom remained steady at 8.7 percent in May 2023, maintaining the previous...

Despite recent fluctuations in sterling’s rally, currency speculators have increased their bullish bets on the pound to a nine-year high, Financial Times reports. Speculators Bullish on Sterling Speculative investors, including hedge funds, have shown increased optimism towards sterling,...

The pound sterling slipped by 0.30% to 1.3289 against the U.S. dollar on Tuesday as no-deal Brexit scenarios reemerged after Boris Johnson's reelection as the country's prime minister. What Happened Johnson is reportedly working on amending the withdrawal agreement bill concerning...

News of a Brexit agreement triggered a rally in the pound sterling this week. FX Strategist Weighs Brexit Scenarios Richard Falkenhäll, senior FX strategist at the Nordic corporate bank SEB, said he expects that EUR/GBP will move to 0.835 if the U.K. Parliament approves the Brexit agreement...

The British pound traded at a multiyear low Tuesday as the new government led by Prime Minister Boris Johnson appears keen on exiting the European Union with or without a deal on the table. What Happened Johnson's government is now "working on the assumption" that Brexit will...

With Prime Minister Theresa May set to resign in June, further political and Brexit uncertainty continues to plague the foreign exchange market. Pounds sterling faces more losses and could see record lows before the year is out, according to FX analysts.& Political Risk Lukman Otunuga, research...

Unlike equity markets, currencies are open all the time. That means Forex traders mostly get to set their own hours, if they even sleep at all. Forex trader Lydia Idem Finkley is a night owl, so she doesn't like to go to bed early -- but that doesn't stop her from getting to sleep...

Outgoing Bank of England Governor Mervyn King sent the pound lower against major pairs Wednesday following the publication of the Bank of England's Quarterly Inflation Report. The report and the ensuing press conference reiterated the Bank's stance to maintain loose policy, even as inflation...