Sterling weakened to $1.334 on Thursday as investors awaited the Bank of England's policy decision later in the day.While the BoE is widely expected to leave interest rates unchanged, markets will closely watch the voting split and any guidance on the future policy path.Recent data showed UK inflat…
The British pound fell below $1.33, its weakest level in nearly a month, as investors tracked developments in the Middle East while the US dollar gained support from lingering expectations that the Federal Reserve could still raise interest rates on Wednesday.Although a pause in US attacks on Iran…
The pound rose to $1.334, rebounding from a three-week low reached last week, as easing tensions between the US and Iran and a sharp decline in oil prices boosted risk sentiment.Brent crude retreated from two-month highs after Washington and Tehran paused hostilities and resumed diplomatic contacts…
The pound traded around $1.33, remaining near its weakest level since July 1, as investors assessed a batch of stronger-than-expected UK data while the US dollar stayed supported by rising Middle East tensions and fresh US tariff measures.UK retail sales rose 1% in June, beating expectations for a…
The British pound weakened to $1.336 on Thursday, its lowest level in ten days, as investors digested fresh fiscal announcements and a more hawkish interest rate outlook.Finance Minister John Healey warned about rising business costs alongside persistent cost-of-living pressures, reinforcing concer…
The British pound remained below $1.34, its lowest level in more than a week, after UK inflation slowed more than expected, reducing the prospect of the Bank of England raising interest rates.Annual inflation eased to 2.6% in June, the lowest since March 2025 and below forecasts of 2.7%, driven by…
Sterling holds above $1.34, unchanged from the prior session, after UK Prime Minister Andy Burnham unexpectedly appointed John Healey, the former defense secretary, as chancellor.Healey, a surprise choice, was not among the favored candidates, but his selection may signal increased defense spending…
The British pound fell to around $1.342 on Monday as investors assessed the appointment of Andy Burnham as the UK's new prime minister and continued to monitor the outlook for monetary policy.Burnham, who succeeded Keir Starmer unopposed, becomes the country's seventh prime minister in the past dec…
Sterling fell below $1.345, pulling back from Thursday's two-month high of $1.354, after Andy Burnham was officially confirmed as the new leader of the UK Labour Party following an uncontested leadership race.Burnham succeeds Keir Starmer and is expected to become prime minister next week.In his fi…
The British pound held above $1.35, its strongest level since mid-May, after rallying on Wednesday amid reports that Home Secretary Shabana Mahmood is set to be appointed chancellor by Andy Burnham.Investors also assessed fresh data showing the UK economy returned to growth in May, with GDP rising…
The pound rose to $1.34, returning to mid-June levels, as investors turned their attention to UK politics.Andy Burnham, set to replace Keir Starmer as prime minister on July 20, and his choice of finance minister are now in the spotlight.Betting markets currently favor Ed Miliband, widely viewed as…
The pound traded at $1.335, retreating from recent three-week highs, as investors assessed escalating Middle East tensions, rising oil prices, and concerns about inflation’s impact on monetary policy and economic growth.The US military continued strikes against Iran after President Donald Trump rei…
The pound fell back below $1.34, retreating from three-week highs, as investors reacted to rising Middle East tensions.Oil prices surged following another wave of US strikes on Iran, with both sides clashing over the status of the Strait of Hormuz.The US Central Command confirmed strikes on dozens…
