Hard to See Reason for Sterling to Fall For Now1142 GMT - With U.K. inflation very high and interest rates looking likely to rise further, sterling is likely to stay strong, says ING currency analyst Francesco Pesole in a note. Later this year the inflation trend should improve, however, enabling the pound to fall as rate expectations come down, he says. Sterling rises on Friday, helped by a broadly weak dollar. ---YouGov Raises GBP51.2 Mln via Share Placing at 920 PenceYouGov said Friday that it has now raised 51.2 million pounds ($65.2 million) via the share placing first announced late Thursday. This indicates that AO increasing its cash balance over the next three years to GBP100 million, they say.

Source: Wall Street Journal July 07, 2023 13:07 UTC