Goldman Sachs says a faster pace of interest rate cuts from the Bank of England won't sink the Pound as the global equity backdrop will remain supportive.
Pound Sterling erased yesterday's losses against the Euro and Dollar thanks to a recovery in U.S. stock markets.
The British Pound rose against the Dollar, Euro and other G10 currencies following the release of UK job and wage data that showed no concerning deterioration in the labour market.
One of the UK's biggest mortgage lenders says house prices have risen at their fastest pace in nearly two years, which analysts say is further evidence of a constructive macroeconomic backdrop for the Pound.