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SPECIAL REPORTS ยท OCTOBER 7, 2023

GBP exchange rates climb despite warnings regarding the UK economy

  • The Pound began the week in a volatile fashion, trading in over a 1-cent range against the Euro after testing the 1.1650 handle once again.
  • Sterling has also climbed recently against the US Dollar, driven by a combination of Sterling strength and US Dollar weakness.
  • Markets remain cautious as analysts flag broader risks to the UK economic outlook heading into Q4.
  • Traders are watching central bank commentary closely for signals on the next rate decision.