Thursday’s international currency markets saw a number of interesting moves, one of which was the upward movement in the EURGBP pair. At first glance, this was a bit surprising, said Commerzbank’s FX
The Pound Sterling trimmed some of its earlier gains versus the US dollar on Monday, starting the week on an upbeat mood after Flash PMIs in both sides of the Atlantic, came
EURGBP extends its gains for the second successive session following the release of key economic data from the UK and Germany, the largest economy in the European Union and the world’s third-largest
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
EURGBP extended its gains for the second successive day, trading around 0.8430 during Tuesday’s European session. However, the upside potential for the EURGBP cross may be limited, as the Euro is under
The GBPUSD pair surrendered its intraday gains and fell back to near 1.2730 in Friday’s New York session as the Cable comes under pressure amid cautious market mood. The S&P 500 opened
The EURGBP cross remains on the defensive around 0.8425 during the early European session on Thursday, trading with mild losses after the monthly UK Gross Domestic Product data. The UK economy grew
The EURGBP pair is extending its decline to near 0.8465 in early European trading on Thursday. The Euro is edging lower as the softer Eurozone HICP inflation report prompted the expectation of
The UK election’s influence on the pound is likely to be limited amid widespread expectation of a Labour victory, according to the CEO of a leading independent financial advisory and fintech. The
Investors are revising strategies to capitalise on the potential strengthening of the pound (GBP) in the wake of a Labour victory in the UK election on July 4 and increasing political uncertainty
