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Daily FX Report – UK GDP Worse than Expected
Pound Sterling (GBP) This morning, UK GDP figures, industrial production, and manufacturing output came out worse than expected. The data showed that the UK economy grew by only 0.1% in the July-September quarter, less than the expected 0.2%. Despite this, the Pound has maintained the majority of its recent gains against the Dollar. The Bank […]
Daily FX Report – Steady Optimism?
Pound Sterling (GBP) The British Pound has recently weakened against the U.S. Dollar, partly due to a softer U.S. inflation report. However, the Pound’s overall trend remains positive. While the UK’s fiscal challenges may make investors more cautious, the currency is also influenced by global market trends. Despite short-term ups and downs, the outlook for […]
Daily FX Report – Sterling Unchanged
Pound Sterling (GBP) The British Pound remained largely unchanged yesterday, despite weaker-than-expected UK retail sales figures. The BRC retail sales monitor for February recorded a modest 0.9% rise, significantly below the anticipated 2.4%. However, despite this disappointing outcome, Sterling remained stable against most major currencies. With no significant UK data scheduled for release today, GBP […]