Fewer Rate Cut Expectations to Support the Pound
The GBP appears to be an appealing currency against the EUR and other G10 currencies as the BoE would not lower interest rates as much as the market anticipates.
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The GBP appears to be an appealing currency against the EUR and other G10 currencies as the BoE would not lower interest rates as much as the market anticipates.
The FTSE 100 has risen on Tuesday, extending yesterday’s rally, after increased hopes that the Bank of England will cut interest rates twice this year.
Sterling (GBP) strengthened on Wednesday and rallied against the greenback after the release of hotter-than-expected inflation data for March.
According to the latest money market pricing, the first interest rate cut by the Bank of England (BoE) is fully priced in by August.
By Amrik S
Pound Sterling has come under pressure ahead of today’s Bank of England (BoE) interest rate decision.
The GBP/USD pair has dropped sharply during the early European session on Wednesday following weaker-than-expected data.
By Amrik S
The pound (GBP) continued to rise on Tuesday as market sentiment has improved and the UK reported relatively better-than-expected data.
By Amrik S
GBP recovered and attracted investor interest after the release of the United Kingdom’s ONS reported on inflation.
By Amrik S
The improved market sentiment and hawkish comments from Bank of England (BoE) policymaker Katherine Mann have supported the pound.
By Amrik S
The pound is vulnerable amidst elevated recession fears ahead of the Bank of England’s (BoE) next policy move on Thursday.
Universal Partners FX Ltd is authorised by the Financial Conduct Authority as an Authorised Payment Institution under the Payment Services Regulations 2017. Our FCA Firm Reference Number is 820037.
For some clients based in the United Kingdom and rest of the world, payment services and e-money services for Universal Partners FX Ltd are also provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).
For clients based in the European Economic Area, payment services for Universal Partners FX Ltd are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).
For clients based in the United States, payment services for Universal Partners FX Ltd are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011.
© Copyright Universal Partners FX 2023 | All Rights Reserved | Universal Partners FX Ltd, The South Quay Building, 77 Marsh Wall, Canary Wharf, London, E14 9SH, United Kingdom. Registered in England & Wales, number: 10674030.