GBP

The British pound has been used as England’s central currency for over a thousand years. Read about its evolution from a coin literally weighing one pound to the banknotes common today. We also rank the next three oldest major currencies: the yen, ruble and dollar.

Whilst GBP as under pressure from talk of tax hikes, GBP/USD remains above a key support level ahead of today’s ISM and JOLTS job opening reports.

This week’s UK CPI reading will still be one of the biggest factors driving the Bank of England’s early November decision on interest rates...

This week’s UK CPI reading will still be one of the biggest factors driving the Bank of England’s early November decision on interest rates...

Markets will be searching for answers next week as to “What’s next?” for Truss. Has she done enough to save her political life?

Markets will be searching for answers next week as to “What’s next?” for Truss. Has she done enough to save her political life?

The BOE have now done two U-turns within 24hrs, by first cancelling their bond buying programme but then signalling behind closed door they may extend it.

The combination of the UK’s mini-budget and general flight to the US dollar has sent the pound broadly lower and GBP/USD to a new record low.

Another day of political turmoil awaits Johnson’s government after two top cabinet members Sunak and Javid resigned yesterday. But does the British pound care?

The British pound hit some turbulence overnight thanks to the confidence vote (or lack of) for UK’s Prime Minister, Boris Johnson.

The US dollar is on track for its fifth bullish week, which hasn’t boded well for GBP which clings on to its 23-month low ahead of today’s NFP report.

Bullish exposure continues to fall for the US dollar despite the Fed on the cusp of beginning their rate-hike cycle.

What began as a short-covering rally is now seeing increased bullish activity on the British pound futures contract.

The British pound was the only major to close higher against the greenback last week, and speculative positioning suggests short covering remains the main driver.

Kiwi bulls appeared spooked last week as we saw gross longs closed at their second fastest rate on record.

Today's rate hike signals that the tide has shifted and BOE policymakers are now prioritizing fighting inflation as the biggest economic risk...

The UK government could be about to trigger Plan B and unleash a new wave of restrictions. We look at how markets are responding and explain how to prepare.