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
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 EURGBP cross gathered strength to around 0.8295 during the early European session on Tuesday. The Pound Sterling weakened against the Euro after the recent mixed UK labour market data. The attention
The US dollar struggled to find demand following mixed macroeconomic data releases on Thursday. The Initial Jobless Claims declined by 12,000 to 216,000 for the week ending October 26, while the Employment
The GBPUSD pair extends the decline to around 1.2945 in early European trading on Monday. A bullish US Dollar on the back of bets for a less aggressive easing by the Federal Reserve drags
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
