Pound Sterling makes strong start to 2024 as UK recovery from recession to continue UK Economy Paul Robson, head of G10 FX strategy at Natwest, also drew attention to the UK's increasingly supportive political background.
Spring Budget 2024: What will markets look out for? Gilts, rabbits and cuts Spring Budget 2024 Given the state of the UK's public finances, investors may get jittery if Hunt pulls too many rabbits out of the hat.
Budding economic recovery set to support sterling in weeks ahead, analysts argue Markets A budding economic recovery and a later start to the Bank of England's interest rate cuts will support sterling over the coming weeks.
Sterling slumps as hawkish Fed spooks investors February 5, 2024 Lower rate expectations tend to hit currencies as it suggests investors will receive a lower rate of return on their investments.
Sterling could climb to $1.35 despite Bank of England interest rate cuts December 28, 2023 Lower rate expectations tend to hit currencies as it suggests investors will receive a lower rate of return on their investments, but this morning the pound climbed above $1.28 - its highest level since early August.
‘Expect volatility’: How will sterling perform in 2024? December 21, 2023 Traders around the world are dialling back their expectations for where interest rates will sit by the end of 2024.
Pound climbs on hopes of US rate cuts – but further progress looks unlikely November 6, 2023 Sterling has recorded a strong start to November as traders grow increasingly confident that the US Federal Reserve has reached the peak of its rate hiking cycle.
Pound slumps as US inflation remains stuck at 3.7 per cent in September October 12, 2023 Sterling slumped after US inflation came in slightly ahead of expectations.
Pound on track for worst month since mini-budget as traders rein in bets on rate hikes September 26, 2023 The pound is on track for its worst month since Liz Truss' disastrous mini-budget as traders rein in bets on how high interest rates will go in the UK.
Pound falls to six month low against dollar – and there’s worse to come September 22, 2023 Since mid July, when sterling was worth $1.31, the pound has steadily fallen against the dollar and was trading around $1.2260 today.