UK Economy

Sterling Pound Rallied Against The U.S. Dollar even after the UK said it was actively arranging a no-deal Brexit situation as the October 15 deadline nears. The GBP/USD currency pair yesterday dropped to a low of 1.2846 in the early American session. This was before rallying near its daily highs of 1.2929 published earlier in …

Pound Rallied Against the U.S. Dollar Read More »

On Wednesday, the GBP/USD currency pair extended its rally for the third consecutive day, driven by the dollar’s overall vulnerability and positive UK macro reports. On Wednesday, the GBP/USD currency pair progressed from a low of 1.2806 in the early London session to a high of 1.2942 in the American market. They were trading near …

British Pound Rises Due To Brexit Optimism Read More »

The GBP/USD currency pair yesterday stretched its rally for the third continuous day. It saw motivation from the dollar’s overall vulnerability and positive UK macro reports. The GBP/USD currency pair yesterday increased. It rose from a low of 1.2806 in the early London session to a high of 1.2942 in the American market. They were …

Dollar Stays Weaker than the British Pound Read More »

While the British Pound has cut its profits by now, it’s still trading over the opening level at writing. Bank of England Deputy Governor Dave Ramsden declared that he considers the BoE to cut interest rates into the negative territory. He continued to see the significant lower bound still at 0.1, where the bank rate …

BREXIT OPTIMISM KEPT POUND FIRM Read More »

While the British Pound has cut its gains by now, it is still trading over the beginning level at writing. Bank of England Deputy Governor Dave Ramsden stated that he believes the BoE does not need to cut interest rates into the negative territory. He added that he sees the effective lower bound still at …

British Pounds Relies on the Brexit Outlook Read More »