Tag: interest rates
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Pound and euro plunge following weaker PMIs Daily Update
November 25 2024Pound (GBP) slides on dire UK data The pound (GBP) faced heavy pressure on Friday as British retail sales growth slumped by 07% in October, versus … read more
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Pound stumbles following UK public borrowing figures Daily Update
November 22 2024Pound (GBP) dented by public borrowing worries The pound (GBP) slipped against its stronger rivals yesterday after British public borrowing came in … read more
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GBP and EUR fall as Russia-Ukraine worries ripple through markets Daily Update
November 20 2024Pound (GBP) falls amid dovish BoE comments The pound (GBP) stumbled yesterday as worries about the Russia-Ukraine war weighed on the UK … read more
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US dollar climbs as ‘Trump trade’ continues Daily Update
November 15 2024Pound (GBP) undermined by ‘Trump trade’ The pound (GBP) found itself on the back foot yesterday amid ongoing fears that Donald Trump’s … read more
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US dollar continues to climb amid fading Fed rate cut expectations Daily Update
November 13 2024Pound (GBP) slips following UK jobs data The pound (GBP) stumbled at the start of yesterday’s session after the UK unemployment rate leapt from 4% … read more
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Pound US dollar (GBP/USD) exchange rate slips amid souring market mood GBP to USD Pound Sterling (GBP) US Dollar (USD)
November 8 2024Pound US dollar (GBP/USD) exchange rate softens amid risk-off trade (Updated 15:40, 08/11/24) The pound US dollar (GBP/USD) exchange rate slipped … read more
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Pound bolstered by hawkish BoE rate cut Daily Update
Pound (GBP) supported by hawkish BoE rate cut The pound (GBP) trended broadly higher on Thursday, following the Bank of England’s (BoE) latest … read more
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US dollar soars as Trump wins US presidential election Daily Update
November 7 2024Pound (GBP) slides amid concerns for UK economy The pound (GBP) slumped yesterday as Trump’s election victory raised fears about the UK’s … read more
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US dollar skyrockets as Trump heads for victory Daily Update
November 6 2024Pound (GBP) uncertain as BoE decision looms The pound (GBP) was mixed yesterday as markets largely ignored an upward revision to the UK’s final … read more
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Pound Australian dollar (GBP/AUD) exchange rate stumbles following RBA decision Australian Dollar (AUD) GBP to AUD Pound Sterling (GBP)
November 5 2024Pound Australian dollar (GBP/AUD) exchange rate slips as RBA decision supports AUD The pound Australian dollar (GBP/AUD) exchange rate is on the … read more