In Friday’s European session, the pair edged up to around 1.3121 against the US Dollar (USD). Despite this slight increase, the pair has struggled to gain traction, reflecting persistent selling pressure on the British currency. Meanwhile, the DXY,...
Pound Sterling Declines as Traders pare Fed large rate cut bets : The Pound Sterling falls below 1.3150 against the US dollar sticky US core PCE infaltion: The Pound Sterling (GBP) extends its tow-day losing spree and posts a fresh intraday low...
The pair is currently struggling to build on its recent recovery, which saw it rebound from around the 1.3130 level—a near multi-month high. Despite attracting some buying interest during the US session last Friday, with spot prices trading...
The EUR/GBP pair is all sst to conclde the week in red for the third straight week. The asset remains on the backfoot as the EURO weaknes, with financial market participants seeming to be confident that the European Central Bank will cut interest...
On Friday, the spot price showed minimal movement, testing the 1.1200 level before closing near its starting point for the day. The pair had attempted a move towards 1.1200 earlier in the week but faltered as momentum faded. Investor enthusiasm has...