Keeping sterling inside the ERM becomes challenging as speculators bet against the pound. Britain hikes rates to 15% to defend the currency’s value, but fails and crashes out of the system on so ...

Currently around $1.41, sterling has staged an impressive rally from a 35-year trough it plumbed last March at $1.1413 and is about 6% below the $1.5022 level it recorded before Britain's June 23 ...

Here's a look at some of the assets that could emerge as winners and losers under a Truss premiership. STERLING STUCK Britain's battered pound may be the short-term winner but a longer-run loser.

The UK's Debt Management Office has projected a 305.1 billion pound ($362.5 billion) gross financing requirement. Forecasts are for this to drop to a range of between 220 billion and 275 billion ...

The Pound Sterling gains to near 1.3450 against the US Dollar, with investors awaiting fresh developments on US tariffs. Traders pare Fed dovish bets, following the US CPI data for June.

Pound sterling has continued to sell off this morning, and UK government bond yields have ticked higher as UK risk assets remain under pressure. The pound fell below $1.23 against the dollar in ...

And by next year, the pound could get close to parity too. The pound-dollar exchange rate could fall to a record low of around $1.05 by mid-2023, Dales warned, down from about $1.15 on Thursday.