Tag: Brexit impact
Barclays Bank Profit Beats, Prepares for Tariff Impact
So, like, guess what? British bank Barclays totally crushed it in the first quarter, beating expectations on both the top and bottom lines. Pre-tax profit soared to £2.7 billion ($3.6 billion), which is an...
GBP/USD Forecast: Weekly Analysis and Predictions
The GBP/USD pair saw a significant breakthrough last week, surpassing the 1.2859 resistance level and confirming a continuation of the rally that began at 1.2298. As we look ahead to the coming week, the...
UK Data Analysis: Impact of Labour Win on Pound – Action Forex
The UK economy has shown signs of improvement, with GDP growing by 0.7% in the first quarter of the year. Analysts are now expecting a 0.2% increase in GDP for the month of May,...
GBP/USD Weekly Forecast: Key Analysis and Predictions
The GBP/USD pair continued to decline last week, falling from the short-term high of 1.2859 despite a temporary recovery. This week, the initial bias is towards further downside movement. If the key support-turned-resistance level...
UK Election Turmoil and Mixed Data Weigh on Pound Sterling
The recent data coming out of the United Kingdom has painted a mixed picture of the economy, leading to some turmoil for the Pound Sterling (GBP). According to Scotiabank’s Chief FX Strategist Shaun Osborne,...
UK Inflation and BoE Policy Push Pound Sterling Below 1.2700
The Pound Sterling is facing challenges as it continues to weaken against the US Dollar for the third consecutive trading day. Currently, the GBP/USD pair is hovering around 1.2670, reaching a monthly low. This...
British supermarkets set for Euro 2024 sales lift
British Supermarkets Anticipate Sales Boost Ahead of Euro 2024Market researcher NIQ has predicted that British supermarkets are poised to experience a surge in sales leading up to the Euro 2024 football championship, set to...