The EURGBP cross extended its decline to around 0.8435 in early European trading on Monday, with the pound sterling strengthening against the euro on positive developments in the US-UK trade agreement last week.
The euro-sterling currency pair fell sharply to near 0.8460 in early North American trading on Tuesday, the lowest level seen in a month. EURGBP slumps as the Pound Sterling outperforms its peers
The pound sterling dropped 0.29% against the US dollar on Friday, set to end the week unchanged after major central banks featured dovish monetary policy decisions led by the Federal Reserve and
The Bank of England’s hesitant approach to tackling the UK’s economic malaise by cutting interest rates by a quarter point is setting the stage for prolonged stagnation, warned Nigel Green, CEO of
The Pound Sterling remains bid for the third consecutive day, bolstered by positive market sentiment, edging up 0.34% as the GBPUSD trades at 1.2519, above the 50-day Simple Moving Average (SMA) at 1.2501.
The price of Silver (XAGUSD) extended its losing streak for the sixth consecutive session, trading around $29.50 per troy ounce during the Asian hours on Thursday. The price of the grey metal
The action in foreign exchange markets remain choppy on Wednesday as investors refrain from taking large positions ahead of key events. Bank of England Governor Andrew Bailey, European Central Bank President Christine Lagarde
GBPUSD edged higher on Friday, reaching the 1.2680s, as traders reduce their short exposure before the weekend. The British pound-dollar currency pair claws its way up from intraday oversold levels reached on
The Bank of England’s decision to cut the benchmark interest rate to 4.75% on Thursday is a welcome step, but businesses and consumers must adjust to a slower pace of easing than
The GBPUSD pair edges higher toward 1.3000 during Asian trading on Wednesday. However, the Pound Sterling faces headwinds due to declining consumer and producer inflation figures, coupled with weak labour market data
