Pound sterling

Markets

Pound on track to be one of the best-performing currencies in 2024

The GBP/USD currency pair hit a two and a half year high of $1.32 earlier this year on 27 August, with analysts expecting the strong momentum to continue until the end of the year.

03/09/2024

Markets

Pound soars following Fed September rate cut signal at Jackson Hole

The British pound surged to its highest level against the US dollar given the Bank of England's less dovish stance compared to that of the Federal Reserve at the Jackson Hole Symposium on Friday.

26/08/2024

Economy

Pound slips on weaker-than-expected UK inflation data

The pound retreated following a one-day surge, prompted by weaker-than-expected UK inflation data. Cooling inflation may increase the likelihood of further interest rate cuts by the Bank of England this year.

14/08/2024

Economy

Sterling gains against the euro as UK wage growth hits two-year low

The pound sterling gained against the euro on Tuesday morning as latest data from the UK showed wage growth at a two-year low.

13/08/2024

Markets

Pound remains on course for worst run of losses in almost a year

The currency could potentially be further weakened if the Bank of England chooses to implement more rate cuts this year.

09/08/2024

Economy

Pound nears one-month high following UK election results

The British Pound has strengthened against other major currencies in the past week as the landslide win of the Labour Party provides optimism toward policy stability for the country.

10/07/2024

United Kingdom

King Charles III banknotes to enter circulation in June 2024

New banknotes will be issued solely to substitute worn ones and to accommodate any rise in demand for banknotes.

21/02/2024

Culture news

New game lets players crash the economy as British PM Liz Truss

The PM's first weeks in office have been eventful to say the least. Now, you can join her on her currency-wrecking journey thanks to a new online game...

12/10/2022

Culture news

Royal Mint unveils first coins to feature King Charles III portrait

Britain's historic Royal Mint has unveiled the first coins to feature the portrait of King Charles III. They will gradually enter circulation from December this year.

30/09/2022

Travel News

What does the falling pound mean for your next holiday?

Trips to Turkey are more affordable for Brits at present, while EU holidaymakers might find it’s the right time to visit the UK.

28/09/2022

Economy

Market turmoil over Truss tax cut plan 'could hit Europe's economy'

The UK pound tumbled on Monday while the cost of borrowing soared to a higher level than that in Greece or Italy, the eurozone's most indebted members.

26/09/2022

Tech News

How the UK post office is trying to save cash post-pandemic

The Post Office says in communities across Britain, it's one of the few places where people can get their hands on the actual banknotes.

09/07/2021

Money

Bank of England is looking into launching 'Britcoin'. But what is it?

What would the difference be between Britcoin cryptocurrency on your phone and sterling in your pocket?

29/04/2021

Business

Brits spent €4bn stockpiling goods in case of a no-deal Brexit

Brits spent €4bn stockpiling goods in case of a no-deal Brexit. A survey released this Monday reveals that 800,000 people have already spend more than €1,000 preparing for potential food shortages.

12/08/2019

United Kingdom

British Pound hits two-month high amid Brexit uncertainty

The British pound was Wednesday morning trading above $1.30 (€1.14), in a move that many currency analysts were linking to the possibility of the Brexit date being delayed becoming more likely.

23/01/2019

United Kingdom

Sterling steadies after parliament's crushing rejection of Brexit deal

What comes next is crucial for the British economy with analysts fearing a 'no deal' worst case scenario

16/01/2019

World News

Which British scientist should be the face of the new £50 note?

The Bank of England is asking the British public to nominate a scientist for a new plastic 50-pound note that will replace the current paper version.

02/11/2018

United Kingdom

British pound hits post-Brexit referendum high

The pound sterling has reached its highest level compared to the dollar since the June 2016 vote

17/04/2018

Economy

Pound jumps on Brexit breakthrough

There was a sigh of relief across financial markets after the UK and the EU agreed to start talks on post-Brexit trade and a transition period.

08/12/2017

Economy

UK inflation highest since 2012

British inflation rose to its highest level in more than five years for September, adding to the likelihood that the Bank of England will raise interest rates next month

17/10/2017