Pound Sterling Reaches 4-month Lows
- Category: GBP
The British pound fell to a four-month low against the dollar and a one-month low against the euro in early trade Tuesday.
Retail sales provide a welcome end to the week for the British Pound and Bank of America looks through near-term headwinds and sees a stronger pound into year-end.
Pound Sterling eased against the dollar and euro on Thursday, extending losses on signs the UK economy will experience a notable slowdown in the coming months, leading investors to pare back expectations for further Bank of England tightening.
The Pound's Looming Inflation Headache
- Category: GBP
Core and services CPI inflation are still uncomfortably high.