European stocks rally following US and UK inflation data
European stock markets experienced a strong rally following cooling inflation data from the UK and the US on Wednesday. However, the weakness in the euro…
UK inflation rises further above Bank of England’s target in November
The biggest increase since March and the second rise in two months is likely to cement market expectations that the Bank of England will keep…
Pound rockets to more than two-year high after BoE rate decision
Sterling soared to its highest level in two and a half years against the US dollar after the Bank of England held its interest rate…
Pound on track to be one of the best-performing currencies in 2024
The GBP/USD currency pair hit a two and a half year high of $1.32 earlier this year on 27 August, with analysts expecting the strong…
Pound soars to 29-month high following Fed rate cut signal at Jackson Hole
The British pound surged to its highest level against the US dollar given the Bank of England's less dovish stance compared to that of the…
Pound remains on course for worst run of losses in almost a year
The currency could potentially be further weakened if the Bank of England chooses to implement more rate cuts this year. ADVERTISEMENTSterling could potentially be on…
Pound nears one-month high following UK election results
The British Pound has strengthened against other major currencies in the past week as the landslide win of the Labour Party provides optimism toward policy…