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The Bank of England raised its interest rate by 25 points to 4.25%, in line with market expectations. Two members voted to keep rates on hold for the third meeting, while seven others voted against...
The British pound has edged upwards and is trading at 1.2296 in the European session, up 0.25%. Earlier, GBP/USD climbed as high as 1.2343, its highest level since February 2.BoE expected to deliver...
UK consumer prices rose by 1.1% in February. Instead of the expected slowdown in annual inflation from 10.1% to 9.9%, we saw an acceleration to 10.4%. The core CPI returned to 6.2% y/y.This is an...
The British pound is in positive territory on Tuesday. In the European session, GBP/USD is trading at 1.2277, up 0.50%.UK inflation acceleratesFor Bank of England policymakers, the “how not to...
We have seen some strong movement from the British pound this week, which is not surprising given the turmoil which has gripped the financial markets in the wake of the US banking crisis. In the...
The Consumer Price Index (CPI) in the US increased 0.4% in February, in-line with expectations and slightly lower than January's figure of 0.5%. The annual CPI gain of 6.0% in February was the...
Unemployment claims in the UK fell by 11.2k in February, against analysts' average forecast of a rise of 12.5K. Jobless claims have fallen by nearly 50K over the past three months after a sustained...
The British pound has reversed directions after an impressive rally that saw GBP/USD climb 370 points. In the European session, GBP/USD is trading at 1.2154, down 0.24%.US dollar recovers The collapse...
The British pound continues to rally and punched as high as 1.2141 earlier today before retreating. In the European session, GBP/USD is trading at 1.2100, up 0.56%.There are no economic releases out...
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