Sterling Holds on to Gains, Investors Mull Rise in Borrowing

GBP/USD Price Forecast: Pound Slips as Deficit Fears Wobble Sterling

The Pound US Dollar (GBP/USD) exchange rate initially slipped on Tuesday before bouncing back following the latest UK borrowing figures. At the time of writing,...

Sterling holds on to gains, investors mull rise in borrowing

LONDON (Reuters) -The pound steadied on Tuesday, consolidating after the previous day’s rally, as investors took stock of data that showed UK …

Pound Sterling gains as market experts reassess BoE rate cut projections

The Pound Sterling (GBP) starts the week on a slightly positive note. The British currency ticks up against its major peers, except the Japanese Yen (JPY), as market experts have pared bets supporting a higher number of interest rate cuts by the Bank of England (BoE) for the remainder of the year.

Sterling struggles on interest rate outlook

The pound is straining to generate momentum to begin the week after a pair of disappointing economic releases raised the stakes for the Bank of England’s next meeting. Sterling weakened by half a cent against US dollar across last week and traded sidewards against the euro.