The EURGBP pair regained ground on Wednesday following the release of downbeat consumer price index (CPI) data from the UK, trading around 0.8340 in early European market hours. In February, the UK
The Pound Sterling advanced 0.31% as the greenback weakened on Monday, testing last week’s high of 1.2987. Investors eye crucial monetary policy decisions by the US Federal Reserve and the Bank of
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.
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 UK Budget next week could spell financial shock for hundreds of thousands of ordinary families, as Chancellor Rachel Reeves appears to be preparing to hike the Capital Gains Tax (CGT). This
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
