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
The EURGBP pair remained fragile Thursday after the European Central Bank policy meeting which decided to cut its rate on deposit facility by 25 basis points (bps) to 3.25%. The ECB reduced
With inflation in the UK easing to 1.7% in September, the Bank of England is expected to take a steadier approach to rate cuts, further weakening the pound. For investors in Britain
The EURGBP currency pair continues to lose its ground for the third successive day, trading around 0.8350 in the European session on Tuesday. The EURGBP cross remains subdued following the release of
The British pound is primed for outperformance, while the euro faces continued downward pressure for the rest of 2024, predicts the CEO of a leading independent financial advisory and fintech. The deVere
EURGBP continues to lose ground, trading around 0.8390 during Friday’s Asian hours, following the release of UK Retail Sales data for August. Retail Sales rose by 1.0% month-over-month, exceeding the previous increase
The Bank of England has made “another mistake” by not accelerating interest rate cuts, according to the CEO of a leading independent financial advisory and fintech. deVere Group’s Nigel Green spoke out after
