Market News
Daily FX Report – Decisive Data
Pound Sterling (GBP) The British Pound is showing short-term strength, boosted by encouraging economic data and a supportive stance from the Bank of England. Solid wage growth and a projected 0.6% GDP rise in the first quarter of 2025 are increasing confidence in the UK’s economic outlook. The central bank’s measured approach to cutting interest […]
Daily FX Report – UK Interest Rates Cut
Pound Sterling (GBP) The Bank of England reduced interest rates to by 0.25% to 4.25% yesterday, aiming to support the UK economy amid global trade tensions, particularly those stemming from US tariffs. This decision followed a divided vote among policymakers, reflecting uncertainty about the UK’s economic outlook. Additionally, a new trade agreement between the UK […]
Daily FX Report – BoE Rate Decision In Focus
Pound Sterling (GBP) The British Pound posted slight gains on the back of optimism around a possible UK–U.S. trade agreement, strengthening against the Euro while staying flat versus the Dollar. Support for GBP/EUR came from improved investor sentiment and easing global volatility, though GBP/USD was largely unchanged due to ongoing Dollar resilience. Investors remain cautious […]
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Daily FX Report – Decisive Data
Pound Sterling (GBP) The British Pound is showing short-term strength, boosted by encouraging economic data and a supportive stance from the Bank of England. Solid wage growth and a projected 0.6% GDP rise in the first quarter of 2025 are increasing confidence in the UK’s economic outlook. The central bank’s measured approach to cutting interest […]
Daily FX Report – UK Interest Rates Cut
Pound Sterling (GBP) The Bank of England reduced interest rates to by 0.25% to 4.25% yesterday, aiming to support the UK economy amid global trade tensions, particularly those stemming from US tariffs. This decision followed a divided vote among policymakers, reflecting uncertainty about the UK’s economic outlook. Additionally, a new trade agreement between the UK […]
Daily FX Report – BoE Rate Decision In Focus
Pound Sterling (GBP) The British Pound posted slight gains on the back of optimism around a possible UK–U.S. trade agreement, strengthening against the Euro while staying flat versus the Dollar. Support for GBP/EUR came from improved investor sentiment and easing global volatility, though GBP/USD was largely unchanged due to ongoing Dollar resilience. Investors remain cautious […]