Interest rate decisions on the horizon

GBP/USD Today we are benefitting from the surprise ‘juggernaut rally’ from the Pound yesterday, in which we saw the currency climb substantially against the Dollar. This likely came into fruition as investors bought into the yearly dip that the rate pl ...

Surging inflation

GBP/USD After almost a week of fighting back, the Pound has finally fallen to the Dollar’s strength and dropped down to its lowest level since November 2020. Earlier this morning the Pound was supported by soaring inflation figures but the effect of th ...

A big day for data

GBP/USD The downwards trend prevails, with the rate continuing yesterday’s losses in strong fashion, pushing the pair onto the brink of reaching its lowest levels seen since November 2020. So far today, important employment data released in the UK has ...

Pound pushed back

GBP/USD A fresh new week and still the rate has followed through with last week’s losses, almost pushing the rate all the way down to its lowest level seen since November 2020. This comes as the Dollar continues to mount pressure on the Pound as it sip ...

New sanctions

GBP/USD Over the course of these past few weeks, it is evident that the rate is trapped in a very tight trading region, on the brink of exceeding recent lows and therefore printing levels not seen since November 2020. However, the Pound has found the l ...

Mixed markets

GBP/USD The rate is currently on the brink of exceeding the lows we saw recently and falling down into levels that we have not seen since November 2020. This comes as the Dollar’s strength has proven to be too much for the Pound, with it outperforming ...

A dent in sentiment

GBP/USD So far this week the Pound has initiated a slight climb against the Dollar, making for a current 3-day upwards trend. It is evident that the Pound is however experiencing strong headwinds in this uphill battle as many of the gains are capped by ...

Pound tries to climb

GBP/EUR Last week was very eventful for the rate with it briefly dipping down to new 2022 lows before it surprisingly managed to climb out of the dip and reverse a large chunk of the losses. This momentum was siphoned from a consensus beating report on ...

Pound headwinds

GBP/EUR Over the course of this week the rate has steamrolled all the way down to its lowest levels this year following an overpowering rally by the Euro as talks between Ukraine and Russia strike a more optimistic tone. The negotiators alluded to prog ...

Sterling struggles

GBP/USD Yesterday, the rate saw some slight gains initially against the Dollar thanks to an improvement in sentiment in Ukraine following ‘successful’ talks with Russia, giving hopes of a potential de-escalation. These gains were however short lived as ...