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.
After weakening against major rivals on improving risk mood and disappointing US data on Tuesday, the US dollar struggles to hold its ground early Wednesday, while investors continue to scrutinise comments from central
Major currency pairs trade in narrow ranges early Friday, following some volatility seen on Thursday, after gold gathered bullish momentum and rose more than 1% on Thursday. XAUUSD continued to stretch higher
The Pound Sterling extended its losses against the greenback on Tuesday as US President Donald Trump threatened to impose tariffs on computer chips and other industries. Risk aversion extended for the second
Major currency pairs fluctuate in relatively tight ranges early Thursday as investors await the next fundamental catalyst. The US economic calendar will feature weekly Initial Jobless Claims data and the US Treasury
The US Dollar remains on the back foot to start the week as investors gear up for Donald Trump’s second inauguration on Monday. Meanwhile, stock and bond markets in the US are closed
The EURGBP cross extended the rally to 0.8445 during early European trading hours on Wednesday. The Pound Sterling weakened against the shared currency after the cooler-than-expected UK Consumer Price Index (CPI) inflation
The pound’s recent dramatic fall to a 14-month low against the US dollar highlights a growing crisis in confidence over the UK economy, according to a leading financial advisor and asset manager.
Major currency pairs are fluctuating in tight ranges on Tuesday as investors gear up for this week’s key events. Later in the day, the US economic calendar will feature the JOLTS Job
UK inflation surged to 2.3% in October, up from 1.7% in September, sparking fresh concerns about wealth erosion and unsettling financial markets. This significant rise, coupled with signs of a potential return
