Pound on the climb

GBP/USD A fresh new week and the Pound continues to climb against the Buck, now making for its 4th consecutive day of upwards movement. This comes as the Pound has finally found its footing against the Dollar, having previously plummeted all the way do ...

Data ahead

GBP/USD So far into trading today the Sterling-Dollar pair has continued to edge lower, following in the footsteps of yesterday’s losses. In doing so, the rate finds itself on the cusp of exceeding the recent multi-year lows, should this current declin ...

Inflation on the rise

GBP/USD At the start of this week the rate experienced some notable upwards momentum, pushing the currency pair out of its recent lows. This, however, has since been cut short, with the Sterling-Dollar rate falling quite sharply so far into trading tod ...

Quiet start to the week

GBP/USD So far into trading this week, it is apparent that the Sterling-Dollar has finally taken some time to breathe. This came following the volatility seen in the market last week, predominantly bought on by interest rate decisions from both sides o ...

Big day for the Bank of England

GBP/USD Yesterday was a big day for the Dollar, with the Federal Reserve announcing their highly anticipated interest rate hike decision. The Fed announced a 0.75% rate hike, their largest hike since 1994, in a bid to tackle record breaking inflation i ...

Rate hikes on the horizon

GBP/USD Looking back, the rate tumbled to fresh new lows yesterday following the publication of the latest UK GDP data. The data showed that the UK’s GDP has contracted for the second time, with figures falling short of the market consensus. It is beli ...

Pound falls

GBP/USD The past few days the rate has found itself on a very slippery slope, on the brink of exceeding recent multi-year lows. This comes as the Dollar has found itself with renewed strength following Friday’s publication of the latest inflation data ...

Data ahead

GBP/USD Yesterday, the rate managed to make a surprising yet swift recovery following the damage that was dealt to the Pound after Boris Johnson’s narrow escape in the recent confidence vote. The rate clawed back the bulk of the losses that were seen a ...

Boris wins

GBP/USD To kick off the day, the rate has already begun to fall slightly, with it briefly touching 3-week lows. This comes as the Pound finds itself with a renewed downwards pressure acting on it following the recent political issues in the UK. Yesterd ...

Interest rate decisions

GBP/EUR The end of last week’s trading did not end well for the Sterling-Euro rate, with the currency pair falling to fresh 3-week low points. On the Brightside, the rate has propelled itself upwards so far in trading today, erasing a large chunk of it ...