Sterling weakens after cooler UK CPI data

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

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UK inflation surges, cash now at risk 

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

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ECB cuts interest rates by 25 bps

The EURGBP pair remained fragile Thursday after the European Central Bank policy meeting which decided to cut its rate on deposit facility by 25 basis points (bps) to 3.25%. The ECB reduced

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Fed to decide on size of rate cut

The US Federal Reserve will conclude its two-day policy meeting and announce the interest rate decision on Wednesday. For the first time in a very long time, markets are unsure about what

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Markets await UK CPI, FOMC minutes

The GBPUSD pair remains confined around 1.2710 during Asian trading on Wednesday. Financial markets await fresh impetus, with the release of the UK Consumer Price Index (CPI) and FOMC Minutes due on Wednesday. Federal

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Investors remain cautious

By Naeem Aslam    Investors are taking a cautious approach when it comes to taking risks. This week’s economic data hasn’t been so supportive of their investment thesis, and hence they are

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