Share: GBP/USD continues its downward trend, dropping 0.16% despite the UK GDP narrowly avoiding a contraction in Q3. The Bank of England’s cautious stance mirrors the Fed’s, as both central banks adopt a meeting-by-meeting approach to monetary policy. Upcoming economic releases from the UK and US, including jobs, inflation, and retail data, are
Share: GBP/USD failed to gain traction on Friday, extended its losses to five consecutive days, is down 0.16% or 20 pips from its opening price after hitting a daily high of 1.2237. At the time of writing, the pair exchanges hands at 1.2205. Read More… The Pound Sterling (GBP) is expected to continue
© Reuters. Morgan Stanley has identified a potential risk to the sterling’s 5%-20% premium due to the persistent current account deficit in the UK, according to their analysis of the country’s trade data. The bank’s scrutiny comes ahead of the anticipated publication of the Pink Book. According to Morgan Stanley, the sterling could serve as
The major European indices are ending mostly lower. The one exception is the UK FTSE 100 which eked out a small gain. A snapshot of the closing levels shows: German DAX fell -5.06 points or -0.03% at 15566.81 Frances CAC fell -23.49 points or -0.33% at 7190.42 UK’s FTSE 100 rose 13.43 points or 0.17%
