Pound steadies as UK politics and inflation cloud outlook

GBP/USD Forecast: Pound Sterling Recovers as UK Bond Markets Stabilise

The Pound US Dollar (GBP/USD) exchange rate strengthened on Monday, clawing back some of last week’s losses as UK political concerns began to ease and British bond markets stabilised.

Pound steadies as UK politics and inflation cloud outlook

The British pound rose on Monday but remained close to its lowest level since early April, as investors weighed growing inflation concerns linked to rising energy prices against deepening political uncertainty in the UK.Sterling climbed 0.4% to $1.337 during the session after earlier falling as much as 0.15% to $1.3304, its weakest level since April 8. The currency remained under pressure as investors reacted to both rising borrowing costs and u…