The Pound declined against the Euro while remaining relatively well supported against the Dollar yesterday. With no major economic data out of the UK so far this week, the GBP has largely been moving in step with the EUR and other European currencies as investors focus on the US economy. The pound has also found ...
read more →The Pound made gains against the Dollar and the Euro reaching its strongest levels since April despite weak economic data and a dovish outlook from the BoE. Minutes from the BoE’s most recent meeting showed that divergent policymakers abandoned their calls for tighter monetary policy, with all nine members of the MPC voting to keep ...
read more →The Pound made gains against the Dollar and the Euro after a report showed UK inflation accelerated by more than expected, reducing the likelihood of further quantitative easing measures. Sterling gained against 13 of its 16 most actively traded counterparts after CPI increased to 4.4% on an annualized basis, up from 4.2% last month. So-called ...
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