Global stock markets surged on Wednesday, with Bitcoin reaching a record high and the U.S. dollar poised for its largest single-day gain in four years, following Donald Trump's election as U.S. president.

The Pound started the week flat against other currencies, despite the Confederation of British Industry's latest industrial trends survey surpassing expectations. On Wednesday, however, the Pound came under pressure following the release of the CBI's latest distributive trades survey.

Sterling began the week sluggishly, with a lack of UK economic data leaving the currency without direction.

The Pound strengthened initially this week, buoyed by confirmation that growth in the UK’s manufacturing sector reached a two-year high last month.

Sterling risks a setback if midweek inflation falls below expectations. The Pound has shown a slight upward trend against its G10 peers in recent days, returning to the middle of the range observed thus far in 2024.

The Pound started the week trading aimlessly, with a lack of UK data causing investors to refrain from making bold moves ahead of the Bank of England's upcoming interest rate decision.

The Pound grappled with uncertainty as the week commenced due to a dearth of UK economic updates. Concurrently, heightened risk appetite prompted the Pound, which is increasingly sensitive to risk, to fluctuate widely against other currencies. It weakened against riskier counterparts but strengthened against safe-haven currencies.

After market closures on Monday for Easter observance, the Pound started to rise in Tuesday's session, buoyed by a final manufacturing PMI that surpassed expectations. March witnessed the sector's activity returning to growth for the first time since July 2022, bolstering GBP exchange rates.

The Pound commenced the week at a disadvantage as risk-averse market movements hindered the momentum of the Sterling, which is sensitive to changes in risk sentiment.

UBS has revised its forecast regarding the direction of Bank of England interest rates. The bank now anticipates a cycle of easing interest rates to commence with a 25 basis point cut in August, as opposed to their previous expectation of the first cut occurring in May.

The Pound started last week's session quietly, as a dearth of economic data hindered Sterling from gaining momentum.

After the court's ruling on Thursday, the post-Brexit regulations will persist, permitting British citizens to spend a maximum of 90 days within any 180-day timeframe on the Continent. Individuals wishing to extend their stay must apply for long-term visas or pursue permanent residency.

After a subdued start to the session, the Pound staged a rally against the majority of its counterparts mid-week, buoyed by UK inflation data surpassing market expectations.

GBP started last week on the back foot after the UK's finalized manufacturing Purchasing Managers' Index for December was recorded at 46.2.This marked a decrease from November's 47.2 and fell 0.2 points below the forecast.

The consensus viewpoint for 2024 is that the Dollar will gradually ease, attributed to a decelerating economy and declining inflation, enabling the Federal Reserve to undo some of the recent interest rate hikes it implemented.

In 2023, the Euro emerged as one of the better-performing currencies, experiencing losses only to fellow European currencies from Switzerland, the UK, and Sweden.

The British Pound outperformed other major currencies for the majority of 2023, holding this position until August.

The Pound exhibited unpredictable movements against the Euro early in the week, with the absence of noteworthy UK data restricting clear and decisive GBP trading in either direction. Economic uncertainty played a role in fostering a downward trend, as even hawkish signals from the Bank of England were unable to dispel concerns.

The British Pound experienced a week of volatile trading marked by changes in risk sentiment and inflation data that fell below expectations.

Sterling faced a challenging week last week, experiencing declines against most G10 currencies. The predominant theme was a resurgence of risk aversion influencing major currency movements.

The Pound was put under big pressure throughout last week as disappointing data releases riddled GBP's economic calendar.

The Pound faced a negative impact last week due to the ongoing conflict between Gaza and Israel. The escalating geopolitical tensions led investors towards safe-haven assets, diverting support away from the relatively risk-on Pound.

Last week, the British Pound exhibited a fluctuating performance against the Euro, initially rising sporadically but later plummeting as market sentiment turned negative. The escalating tensions in the Middle East took the spotlight, sparking concerns about broader geopolitical consequences and potential disruptions in global trade.

Early in the week, the Pound's performance was mixed due to the absence of significant data releases. The only notable release was the final manufacturing index, which matched preliminary readings.

The Pound Euro exchange rate experienced a strong uptrend last week, although the Pound faced challenges on Tuesday due to gloomy economic forecasts. While the Pound fluctuated inconsistently against the US Dollar as the Pound remained vulnerable to risk appetites.

Last week, the GBP/EUR exchange rate experienced a significant decline, largely influenced by the Bank of England's decision to maintain interest rates for the month.

Anticipation Grows as Major Central Banks Prepare to Make Key Policy Decisions. In the upcoming week, investors worldwide will be closely monitoring three pivotal central bank announcements.

The GBP exchange rate faced a turbulent week as several factors influenced its performance. The Pound weakened due to a decline in UK service-sector activity, falling house prices, and a dovish stance from the Bank of England (BoE).

Paul Mackel, the Global Head of FX Research at HSBC, foresees a forthcoming depreciation in the values of both the Euro (EUR) and Pound Sterling (GBP) relative to the US Dollar (USD). This revised currency outlook is shaped by the tightening yield differentials and a shift in external sentiment that is less favorable.

Pound Sterling (GBP) displayed a decrease in value against both the Euro (EUR) and the US Dollar (USD), as UK markets remained quiet due to the UK Bank Holiday.

Despite concerns about the UK economy's condition, the Pound (GBP) managed to overcome economic uncertainties and made substantial gains against many of its counterparts, driven by increased bets on a forthcoming interest rate hike.

Decreased gas and electricity costs resulted in a significant decline in the main measure of inflation in the UK for July.

Throughout the past week, the GBP/EUR exchange rate displayed a volatile pattern of trading. The UK managed to avoid a scenario of zero economic growth, which pleasantly surprised the market and alleviated concerns about a potential recession.

The Pound experienced a significant decline in its exchange rate last week following a dovish rate hike and a downgraded growth outlook from the Bank of England (BoE).

On Thursday, the Bank of England implemented a quarter-point increase in its key interest rate, bringing it to the highest level since 2008.

Looking ahead to this week's trading, the Pound Euro exchange rate may experience erratic movements due to an abundance of significant data releases from both the UK and the Eurozone. However, the focal point will be the Bank of England's interest rate decision on Thursday.

Last week, the Pound (GBP) experienced a general decline as Sterling was affected by reduced expectations of a rate hike by the Bank of England (BoE).

Pound Sterling (GBP) today weakened against the Euro (EUR) and the U.S. Dollar (USD) due to position adjustments ahead of the UK inflation data.

The Pound (GBP) had a quiet start due to a lack of significant economic data. However, this changed quickly when robust employment data emerged, leading to a surge in the value of the Sterling as expectations of a rate hike increased.‍

In May, the estimated monthly real GDP in the UK experienced a decrease of 0.1%, following a growth of 0.2% in April.

The Pound (GBP) experienced a strong rebound throughout the week following an initial setback. The manufacturing sector's confirmed contraction exerted pressure on Sterling, triggering concerns among investors about potential economic difficulties.

Last week, the British Pound (GBP) started off on a weak note due to an unexpected decline in UK retail sales, which weighed on the currency and countered expectations of higher interest rates.

At its latest policy decision, the Bank of England (BoE) Monetary Policy Committee (MPC) voted to raise interest rates by 50 basis points to 5.00%, exceeding the consensus forecast of a 25 basis-point hike to 4.75%.

Pound Sterling exchange rates maintained a strong tone on Friday, primarily due to the 2-year UK yield reaching fresh 15-year highs