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 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.
EURGBP extends its strength for the fourth consecutive day, trading near 0.8410 during Monday’s European session. The cross gains traction as the Pound Sterling continues to underperform, weighed down by concerns over
The EURGBP cross extended its upside to near 0.8375 in early European trading on Friday. The Pound Sterling remains under selling pressure amid concerns about the UK’s fiscal outlook and the Bank
EURGBP remains steady after recovering daily losses, trading near 0.8350 in European markets on Tuesday. However, downside risks persist for the EURGBP cross as the Euro faces pressure from growing concerns about
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
