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Daily FX Report – Sterling Declines
Pound Sterling (GBP) The British Pound fell to a two-year low against the Euro and also recorded notable losses against other major currencies. Reports from the OBR highlighted a significant fiscal shortfall, while recent reports suggest that the Chancellor may need to raise an additional £31 billion through tax increases. This has weighed on sentiment […]
Daily FX Report – Markets Under Pressure
Pound Sterling (GBP) With little new UK economic data out today, attention is likely to turn to a British Retail Consortium report showing that food inflation eased to 3.7% in October from 4.2% a year earlier. Persistently high food prices had been a key concern for the Bank of England and one reason it has […]
Daily FX Report – Euro Gains Ground
Pound Sterling (GBP) The British Pound remains under downward pressure, with rallies failing to gain traction as traders balance improving global trade sentiment against lingering domestic uncertainties. While optimism over progress in U.S.–China negotiations has helped ease market tensions, it has provided only limited and short-lived support for the pound. Overall, sterling continues to hover […]