Pound in Rally Mode: UK PMI Upgrades and a Softer Dollar Fuel Sterling Strength
The British pound gained notable strength following an upward revision in the UK’s Purchasing Managers’ Index, reflecting improved business activity and economic momentum. Coupled with a softer US dollar amid signs of cooling inflation and a potential Fed pause, sterling received a meaningful boost. Market focus now shifts to how these dynamics will influence Bank of England and Federal Reserve policy paths in the weeks ahead.
