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UK CPI falls to 7.9% from 8.7%, core CPI 6.9% from 7.1% BoE base rate now seen peaking at 5.75% according to markets GBP/USD slips below 1.30 after the data It’s been a long time coming but...
UK inflation eases more than expected British pound tumbles close to 1% Pound slides as UK inflation lower than expectedThe British pound is sharply lower on Wednesday. In the European session,...
It’s been over six months since we last wrote about GBPUSD. At the start of 2023, the Pound was hovering around 1.2100, up nearly 17% from the all-time low it had fallen to in September 2022....
In this week's market analysis, Jason Sen, a prominent day trader and technical analyst, delves into the latest trends and potential trading opportunities. He begins by reviewing gold's recent price...
UK economy posts a small contraction of -0.1% in May Higher rates will damage the economy going forward Sterling rally continues breaking above 1.30 against the dollar The UK economy posted only a...
UK GDP contracts in May but beats estimate British pound hits 15-month high against the US dollar The British pound continues to rally against the US dollar. GBP/USD has risen to 1.3068, up 0.62%. The...
U.K. inflation is highest among G7 countries and inflation in Eurozone is expected to stay elevated until 2025 This is set to ensure a hawkish policy until inflation is under control Meanwhile,...
UK unemployment rises to 4% in the three months to May, up from 3.8% Average earnings hit 7.3% (excluding bonus) and 6.9% (including bonus) Markets expect BoE to raise rates another 1.25% UK jobs data...
UK labour market data is making the Bank of England's task of fighting inflation complex, with markets increasing expectations of a 50bp rate hike in early August. But we focus on falling employment,...
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