The GBP/USD experienced a sharp decline due to the overall strength of the US Dollar.
Read More
Market sentiment has turned negative, and the United Kingdom is experiencing a decline in resilience amid an aggressively restrictive monetary policy environment.
Read More
On Thursday, the pound sterling (GBP) experienced a slight corrective movement amid growing fears of a recession in the United Kingdom's economy, which has raised concerns about the Bank of England's (BoE) aggressive policy tightening.
Read More
The data released earlier this week revealed that economic activity in the United Kingdom was weaker than expected.
Read More
The recent selloff of the USD, caused by a miss in the US CPI report, has been completely reversed due to better-than-expected US economic data.
Read More
On Friday, the UK's Office for National Statistics (ONS) released its report indicating that the country's monthly Retail Sales data increased by 0.7% in June, compared to a mere 0.1% rise in May, which exceeded the expected 0.2% growth.
Read More
In the UK, the Consumer Price Index (CPI) rose slightly below expectations, indicating softer inflation.
Read More
UK inflation in June showed a significant cooling, falling below consensus expectations at an annual rate of 7.9%.
Read More
Inflation has remained stubbornly high, boosting expectations of higher for longer UK rates.
Read MoreLOADING...