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...Sterling fell against the dollar on Tuesday after an unexpected jump in UK unemployment led traders to raise their bets on how many times the Bank of England will cut interest rates this year....
...Sterling strengthened as traders pushed back their bets on interest rate cuts from the Bank of England after UK inflation slowed less than expected in March....
...Sterling extended early losses against the dollar to trade down 0.4 per cent on the day at $1.273 after the Bank of England held rates at a 16-year high of 5.25 per cent for the fifth consecutive meeting...
...Sterling slid against the dollar after wage growth in the UK slowed slightly more than expected, supporting expectations that the Bank of England will deliver multiple interest rate cuts this year....
...Markets shrugged off the Bank of England’s decision to hold interest rates at 5.25 per cent, leaving sterling down 0.36 per cent against the dollar on the day at $1.2651....
...Sterling nudged lower after the UK’s headline inflation rate unexpectedly held steady in January....
...Support for sterling comes as traders shift to price in two or three 0.25 percentage point interest rate cuts from the Bank of England this year, compared with six quarter-point cuts that were priced in...
...The Bank of England has held UK interest rates at 5.25 per cent and signalled it is edging closer to cutting borrowing costs, weakening sterling and boosting stocks....
...Sterling recovered from early morning losses against the dollar on Wednesday after December’s inflation print was stronger than expected, adding some pressure to the Bank of England in its battle to fight...
...Sterling extended earlier gains, rising 0.7 per cent to $1.2702 after the Bank of England kept interest rates at 5.25 per cent for a third time in a row....
...Sterling held steady after official figures showed that the UK economy grew slightly more than expected in November with a 0.3 per cent rise in GDP....
...The Bank of England’s cautious rate-cutting cycle, which now looks increasingly likely to begin in the second half of the year, will only slowly reduce base rates — meaning that the pound will enjoy a prolonged...
...Sterling and the euro were each up more than 1 per cent against the dollar by mid-afternoon after central bank officials in the UK and Europe were less sanguine about the possibility of interest rate cuts...
...Sterling fell on Tuesday after softer than expected UK wage data prompted traders in swaps markets to slightly increase bets on the first Bank of England interest rate cut being delivered in May....
...Customer deposits are being placed at central banks, commercial banks, or invested in short-term government bonds that are now generating attractive yields....
...The BIS’s Triennial Central Bank Survey on FX market turnover puts Sterling as the world’s 4th most traded currency, behind USD, EUR, and JPY. It is on one side of 13% of FX trades....
...A digital pound could thus shore up sterling’s role as a reserve currency. Finally, a CBDC could benefit consumers by protecting their data....
...Other banks have seen a similar trend....
...Who will attack sterling if they fear the BoE could quickly hike?...
...Sterling held steady against the dollar after UK wages rose by slightly less than expected ahead of the Bank of England’s monetary policy committee meeting on Thursday....
...Investors pushed back their expectations on the timing of Bank of England rate cuts and sterling rose after stronger than expected wage data added pressure on the central bank in its battle to cool rising...
...Sterling fell against the dollar on Wednesday after weaker than expected UK inflation added to conviction that the Bank of England has finished its interest rate rising cycle....
...On Thursday, the European Central Bank signalled it was still on course to deliver interest rate cuts in June....
...Sterling nudged down 0.1 per cent to $1.2554, building on the previous day’s losses after the UK’s inflation rate held steady rather than rising as expected....
...Sterling fell on Wednesday after official figures showed that UK inflation was weaker than expected in August, ahead of the Bank of England’s interest rate decision on Thursday....
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