sterling Archives - Financial Mirror

Sterling is on the move

By Naeem Aslam The British Pound is having its best moments against the US dollar and other major currencies in over seven months as investors and traders have adapted to a new

9th March 2024

Markets/World

Sterling bolstered by weak dollar, brighter Budget

The British pound broke above the 1.2700 barrier against the US dollar and traded around 1.2735 in Asian trading on Thursday, with the uptick bolstered by a weaker USD and encouraging news

7th March 2024

Markets/World

Sterling holds below 1.2700 ahead of Fed’s Powell testimony

The GBPUSD pair held below the 1.2700 mark during early Asian session on Wednesday, trading near 1.2695 and losing 0.08% on the day, with the downtick backed by the renewed US Dollar

6th March 2024

Markets/World

UK wage growth cools, hints earlier BoE rate cuts

By Craig Erlam Labour market figures Tuesday morning kicked off a big week of economic data for the UK in a promising way, with wage growth a particular highlight from the report.

16th January 2024

Markets/World

Markets price in more Fed rate cuts on weak PPI

By Craig Erlam Stock markets ended the week on a high, buoyed by weaker PPI readings from the US that suggest inflation will keep falling in the coming months. The PPI data

12th January 2024

Markets/World

FTSE outperforms amid sterling weakness and falling UK yields

By Craig Erlam The pound was on the decline again on Thursday, having fallen over the last couple of days on the back of some worrying economic figures from the UK. Whether

25th August 2023

Markets/World

BoE hikes rates to 5.25%, GBP slides

By Naeem Aslam With inflation running at the highest level among G7 nations, the Bank of England has no easy task on its hands. The UK central bank’s decision to hike interest

3rd August 2023

Markets/World

UK inflation offers hope for Bank of England

By Craig Erlam It’s been a long time coming, but inflation in the UK is finally on the decline and in a rare show of good news, it’s falling at a faster

19th July 2023

Markets/World

US CPI data to bring higher volatility, markets optimistic

By Naeem Aslam US and European stock futures are focused on one thing and one thing only, the US CPI data. US inflation data on Wednesday is going to be much better

12th July 2023

Markets/World

Is the UK already in recession?

By Craig Erlam Stock markets are recovering slightly on Wednesday after another volatile start to the week. It’s clear that investors have one eye on the US this week, with Fed minutes

12th October 2022

Markets/World