The British pound fell from a three-week high of 1.2090 against the dollar in the Asian session on Tuesday, after the US dollar racked significant strength from rising safe-haven demand on recession worries. Sterling also suffered additional pressure from the ongoing political crisis in the UK. The pound lost against the dollar despite broad expectations […]
Sterling (GBP) slumped to its lowest point since March 2020 on Tuesday as the US dollar posted an aggressive rebound and as political uncertainty displaced GBP traders. Already under strain from worsening inflation, Brexit tensions, and the risk of a recession, the British economy came under fresh pressure following Boris Johnson’s resignation as prime minister […]
The British pound plummeted to a 13-month low against the euro on Tuesday, also falling below the 1.2000 mark against the dollar for the first time since March 2020 amid political tensions. Against the euro, the EUR/GBP pair soared to its highest point since early May, taking in 1.27% today alone. Sterling had the floor […]
Sterling weakened against the dollar in the London session on Thursday as the worsening economic outlook and political woes exerted pressure on the single currency. The market focus shifted to the European Central Bank (ECB) press conference later today. As of press time, GBP trades at 1.2540 after rebounding from the 1.2500 level earlier today. […]
Sterling recorded a goodish bounce last week, ending the currency’s four-week decline against the dollar. The GBP/USD pair rebounded from a two-year low of 1.2155 recorded a week ago and recorded a 370 pip jump to 1.2525. This bullish recovery came as the greenback embarked on a long-overdue correction. The British Pound now holds near […]
Sterling rebounded lightly on Tuesday, putting some distance between the recently-recorded 21-month low against the US dollar, as traders cashed out their profits from the recent USD surge ahead of some critical central bank meetings this week. In the London session on Tuesday, GBP climbed by a decent 0.4% to 1.2557 against the USD as […]
The British pound resumed its plunged descent on Tuesday as it tapped the 1.2668 low in the London session. This drop comes after the GBP/USD pair dropped below the 1.2700 support for the first time since September 2020 yesterday. From a monthly perspective, the forex pair is down by over 3%, as persistent weakness in […]
The British pound climbed higher in the London session on Tuesday, snapping a three-day fall following some short-covering by investors along with a rally to a seven-year high in the 10-year British government bond yields. At press time, GBP has gained over 0.1% against the US Dollar, as the UK 10-year government bond yields rose […]
The EUR/GBP pair climbed higher in the London session on Thursday and touched a two-day peak at 0.8349 in the last two hours. That said, the pair recorded a minor dip following the two-day top sighting, falling to the 0.8323 low as bulls continue to push for a return above the 0.8360 resistance level. The […]
