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Daily FX Report – ECB Interest Rate Decision In Focus
Pound Sterling (GBP) The Pound continued its steady climb yesterday and into this morning, extending a rally that has been largely driven by broader shifts in global currency markets rather than UK-specific news. Despite the release of weaker-than-expected inflation data from the UK, which showed inflation slowing more than anticipated, demand for the Pound has […]
Daily FX Report – UK Inflation Lower than Expected
Pound Sterling (GBP) The Pound has strengthened against both the Euro and Dollar. This momentum has been driven by hopes for a new trade deal between the UK and the US, as well as a generally positive mood among investors. This morning, UK consumer price index inflation figures came out slightly lower than expecting which […]
Daily FX Report – Prolonged Uncertainty
Pound Sterling (GBP) The British Pound is staying strong against the U.S. Dollar, helped by bettermarket sentiment and a weaker Dollar. Ongoing uncertainty around U.S. economic and trade policies has shaken confidence in the Dollar, allowing the Pound to gain ground. While there’s talk of possible interest rate cuts from the Bank of England that could […]