Tag: Sterling
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...
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 Reacts to UK Election Result: Analysis by Rabobank
The GBP has remained relatively stable following the UK election results, despite the lack of significant movement. However, the recent decline in the value of the USD has allowed the GBP to emerge 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 Price Drops After BoE Keeps Rates Steady
The British pound saw a decline on Thursday, with GBP/USD trading at 1.2683 during the North American session, marking a 0.29% decrease for the day. The Bank of England's decision to keep rates unchanged...