Pound edges above $1.30 as Fed expected to cut rates in September August 20, 2024 The pound has not traded above $1.30 on a sustained basis since mid-2022.
Bullish analysts think sterling’s rally will continue despite chance of interest rate cuts July 23, 2024 Sterling has been one of the strongest performing currencies this year on the back of sticky inflation and stronger than expected growth.
Sterling soars to multi-year highs as investors flock to ‘safe haven’ UK July 12, 2024 Higher interest rates benefit domestic currencies, because international investors are able to earn a higher return on their investments.
Election 2024: FTSE 100 in the red but midcap index maintains gains after Labour landslide July 5, 2024 Sterling was trading up around 0.1 per cent this morning at $1.277 while futures on the FTSE 100 edged up by around 0.2 per cent. Markets will open at 8am.
Has sterling finally recovered from the impact of Brexit? June 3, 2024 A recovering economy is more likely to receive overseas investment, strengthening the pound.
Pound Sterling climbs to it highest level against the euro since August 2022 May 29, 2024 The pound hit its highest level against the euro since August 2022.
Traders short sterling as bets on Bank of England rate cuts grow May 8, 2024 Currency traders have been building up short positions on the pound in the hope that the the the Bank of England (BoE) will cut the base rate before the US's Federal Reserve (Fed).
FTSE 100 closes at new record after breaching all-time high April 23, 2024 "This positive showing is exactly what’s needed to help repair the reputation of the UK stock market," Russ Mould, investment director at AJ Bell said.
Bank of England commits to ‘once in a generation’ reform after Bernanke review April 12, 2024 The review, launched last summer, was led by Ben Bernanke, who chaired the Federal Reserve between 2006 and 2014.
Pound Sterling makes strong start to 2024 as UK recovery from recession to continue March 11, 2024 Paul Robson, head of G10 FX strategy at Natwest, also drew attention to the UK's increasingly supportive political background.