Joice Alves

Sterling fell on Tuesday after Bank of England chief economist Huw Pill said the central bank might be able to consider cutting interest rates over the summer.

Sterling rose on Friday against a weakening dollar ahead of U.S. jobs data due later in the day, while local elections in Britain have left the currency undisturbed.

Sterling steadied on Wednesday, after declines this week, as data showed Britain's economy had returned to growth in January after entering a shallow recession in the second half of 2023.

The dollar was little changed on Monday in cautious during a U.S. public holiday, while risk-sensitive sterling slid ahead of a busy week for UK economic data.

Sterling rose on Friday to a two-and-a-half week high against a weakening euro after various business data showed some evidence that Britain's economy was more resilient than feared in December.

Jan 4, 2024 ... Sterling surged on Thursday after data showed British borrowers increased demand for loans, while a separate business survey showed a more ...

Sterling on Thursday rose to its highest against the dollar since early September after data showed British companies returned to growth in November, fuelling hopes Britain will avoid a recession.

The pound edged up against the euro on Thursday after Bank of England (BoE) policymakers, including Chief Economist <a href=”/world/uk/bank-england-isnt-making-promises-rates-pill-says-2023-11-09/”>Huw Pill</a>, reiterated policy will need to remain restrictive for some time.

Italian stocks are trading at their deepest discount in 35 years compared to world shares as investors fret over the fiscal outlook in one of Europe’s most indebted economies, although some reckon the shares are too cheap to ignore.

Sterling sank to a three-week low on Thursday after a slew of economic market data this week affirmed the view that the Bank of England (BoE) will likely hold rates steady at its policy meeting next week.