Pound Sterling Retreats from Highs
- Category: GBP
The British Pound is handing back recent gains against the Euro and Dollar and we suspect technical considerations, softer equity markets and quarter-end flows are all playing a role.
Bailey "Buttresses" Pound Sterling Gains
- Category: GBP
Pound Sterling held multi-month highs against the Euro and Dollar on Tuesday, helped in part by fresh comments from the Bank of England's Governor, Andrew Bailey.
The British Pound spiked after the Bank of England kept interest rates unchanged and said there was no rush to cut again.
Pound Sterling fell on Tuesday amidst increased bets that the Bank of England would be egged on by the Federal Reserve and cut interest rates again on Thursday.