Tag: Brexit
GBP/USD Ends Down Week Despite Sterling Uptick – Weekly Market Recap
GBP/USD struggled to gain momentum on Friday, only edging up by 0.13% as the Pound Sterling faced pressure due to the looming rate cut expectations from the Bank of England (BoE) next week. This...
Pound Sterling Rises as UK Starmer Wins and Fed Rate-Cut Bets Increase
The Pound Sterling is showing strength against the US Dollar as expectations for Federal Reserve rate cuts in September have increased. This positive momentum is attributed to Keir Starmer's significant win in the UK...
UK Pound Sterling Strengthens Amid Softening US Wage Growth and UK Labour Majority Hold
The Pound Sterling has shown remarkable strength in the currency market, especially after the recent UK parliamentary elections where Keir Starmer's Labour Party secured an outright majority win. This victory has brought much-needed stability...
UK General Elections Boost Pound Sterling’s Gains: What’s Next?
The Pound Sterling has been on the rise lately, gaining strength against the US Dollar. This increase in value can be attributed to the weaker economic data coming out of the United States. As...
Impact of UK General Election on Pound: Expert Analysis and Forecast
On July 4, Britons will be voting in a general election that could potentially end 14 years of Conservative rule. The Labour Party is currently leading in the opinion polls, with Nigel Farage's Reform...
Impact of Labour Victory on Sterling: Insights from Crédit Agricole
The GBP has been trading at a 'political premium' in anticipation of the upcoming elections, as there is a belief that political stability will be achieved. Recent polls suggest that Labour is likely to...
GBP/USD Weekly Analysis: Bearish Turnaround Deepens
The GBP/USD pair saw a significant decline last week as the Cable hit fresh lows on Friday. This bearish trend was driven by upbeat US Purchasing Managers Index (PMI) data, which boosted the US...