It seems that nothing can stop demand for sterling now. The BoE’s adjustment to forward guidance went down well with the market and fuelled significant strengthening of the pound. Although the central bank ruled out any immediate tightening, confidence about the UK outlook and the prospect for a policy tightening in the first half on 2015 is strong. This week there is more opportunity for the pound to advance further as unemployment data and inflation figures will be published. Some more encouraging Read more

Following some stellar months in the past year or so GBP investors could easily feel short changed by sterling in the past month. Data momentum into 2014 was strong – Purchasing Managers Index (PMI) surveys, which test the economic pulse of private sector companies, painted the UK as the fastest growing economy through November and December, and strong employment figures have also brought some cheer in January.  But the exchange rates haven’t fully mirrored this data. That said, the performance Read more