Sterling Faces Challenges as UK Inflation Data Takes Centre Stage
Pound Sterling has been grappling with significant challenges ahead of the upcoming UK inflation data.
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By Katie Oliver
Pound Sterling has been grappling with significant challenges ahead of the upcoming UK inflation data.
By Katie Oliver
The positive market mood and increasing wage pressures have boosted the pound on Tuesday. This has increased expectations for further large rate hikes by the Bank of England (BoE).
By Katie Oliver
BoE Governor Andrew Bailey, Fed Chair Jerome Powell and ECB President Christine Lagarde all said that there is a possibility of further rate hikes ahead.
By Katie Oliver
Sterling has recovered on news that the Bank of England (BoE) may hike interest rates further. The cheerful market mood has helped to support the British currency.
By Katie Oliver
The UK Manufacturing and Services PMI data dropped below expectations, pushing the pound lower.
By Katie Oliver
The GBP/USD pair has weakened on Thursday morning, as cautious sentiment prevailed in the market ahead of Bank of England’s monetary policy meeting.
By Katie Oliver
GBP/USD recovered after taking a break during the UK holiday on Monday.
By Katie Oliver
Before the end of the week, the exchange rate between the pound and New Zealand dollar increased to its peak level since October.
By Katie Oliver
The pound strengthened after the release of strong UK inflation data on Wednesday morning 7am (UK time).
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.