Tag: Exchange Rate
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Pound slides as Bank of England holds interest rates in 6-3 split decision Economy News Pound Sterling (GBP) US Dollar (USD)
December 19 2024(Updated 14:50, 19/12/2024) The Bank of England (BoE) left interest rates unchanged on Thursday as it announced its final policy decision of … read more
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Pound climbs as wage growth accelerates ahead of BoE meeting Daily Update
December 18 2024Pound (GBP) firms on strong wage growth The pound (GBP) strengthened yesterday after rising UK wage growth dampened bets on a Bank of England (BoE) … read more
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FX newsflash: Federal Reserve and Bank of England decisions to drive volatility? Business News Economy News Pound Sterling (GBP) US Dollar (USD)
December 17 2024This week, both the Federal Reserve and the Bank of England (BoE) will announce their final interest rate decisions of 2024, with the outcomes likely … read more
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Pound rallies as services PMI beats forecasts Daily Update
Pound (GBP) boosted by PMI survey The pound (GBP) rallied yesterday after the UK’s preliminary services PMI for December outpaced expectations, … read more
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FX weekly forecast: Federal Reserve decision to bolster the US dollar? Weekly Forecast
December 16 2024What’s happening this week - Hawkish Federal Reserve rate cut likely to boost USD - BoE rate decision may infuse volatility in GBP - Decline in … read more
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Euro mixed despite ECB rate cut Daily Update
December 13 2024Pound (GBP) softens in absence of data The pound (GBP) struggled yesterday as a lull in UK economic data left the British currency lacking … read more
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US dollar rises ahead of US inflation figures Daily Update
December 11 2024Pound (GBP) holds firm despite lack of data The pound (GBP) rose against its weaker rivals yesterday and suffered only limited losses elsewhere, … read more
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US dollar stumbles amid risk-on mood Daily Update
December 10 2024Pound (GBP) directionless amid lack of data The pound (GBP) was mixed yesterday as a lack of UK data left the currency trading without a clear … read more
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FX weekly forecast: Euro to test new lows on dovish ECB rate cut? Weekly Forecast
December 9 2024Pound (GBP) The publication of the UK’s latest GDP figures may act as a tailwind for the pound (GBP) this week if they report that the UK economy … read more
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US dollar rebounds after payrolls beat forecasts Daily Update
Pound (GBP) rises despite dovish BoE comments The pound (GBP) rose against its weaker rivals on Friday, with GBP brushing off comments from Bank of … read more