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What is the oldest currency in the world?

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.

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European Open: GBP drifts higher, ISM manufacturing and JOLTS in focus

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.

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November 1, 2022 07:18 AM
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UK CPI preview: A return to double-digit inflation on tap

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...

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October 17, 2022 04:31 PM

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Research

UK CPI preview: A return to double-digit inflation on tap

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...

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October 17, 2022 04:31 PM
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UK PM Truss ousts Kwarteng. But did PM Truss do enough to save herself?

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

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October 14, 2022 04:51 PM
U-turn sign against blue sky

UK PM Truss ousts Kwarteng. But did PM Truss do enough to save herself?

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

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October 14, 2022 04:51 PM
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European Open: GBP spikes on reports the BOE may extend bond purchases

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.

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The pound is sent into the ground during thin Asian trade

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.

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September 26, 2022 04:36 AM

GBP/USD freefall: Where will it stop?

The 1985 low in the 1.0500 area could beckon in due time, but given the deeply oversold reading on the 14-day RSI, we would expect a short-covering bounce before then...

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September 23, 2022 06:06 PM

GBP/USD: Why pound parity (1.00) is a potentially plausible prospect

The eerie similarities to the mid-1980s hint that GBP/USD could fall toward parity (1.00) in the coming quarters...

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September 20, 2022 03:48 PM

2022 Conservative Party leadership election: What’s at stake for the GBP?

Truss is arguing for looser fiscal policy and tighter monetary policy, a policy stance that has historically supported strength in the underlying currency

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2022 Conservative Party leadership election: Who will be the UK’s next PM?

Liz Truss appears to be the clear favorite over Rishi Sunak in early polling...

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What is a fiat currency? Everything you need to know about the classic monetary asset

A fiat currency is a monetary instrument backed by a national government like the British pound or Canadian dollar. Learn how fiat currencies operate and how they compare to other types of money.

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August 11, 2022 04:39 PM

GBP/USD holds over $1.1950 as Johnson resigns

Sterling rises to a session high after PM Boris Johnson says he will resign. The outlook for GBPUSD remains grim.

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July 7, 2022 11:04 AM
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Is the pound set to suffer amidst Johnson’s latest political woes?

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?

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Boris Johnson stumbles over the line (but there are no winners here)

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

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June 7, 2022 12:24 AM
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European Open: GBP trades around its 23-month low ahead of NFP

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.

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May 6, 2022 07:19 AM

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Weekly COT report: Managed funds most bullish on gold in 3-months

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

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Weekly COT report: GBP futures on the cusp of net-long exposure

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

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Weekly COT Report: Sterling extends short-covering rally

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.

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Weekly COT Report: NZD flips to net-short as bulls capitulate

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

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BOE liftoff! GBP soars as traders price in more BOE rate hikes through 2022

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

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December 16, 2021 01:55 PM
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What does Plan B mean for UK markets?

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.