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Inflation in the euro area hit a new all-time high of 10% in September, driven by colossal energy and food costs.According to Eurostat data, inflation in the Eurozone surged to a new peak of 10% in...
The British pound has posted slight gains, after a spectacular showing on Thursday. In the European session, GBP/USD is trading at 1.1145, up 0.26%.For anyone looking for lots of volatility, look no...
While some criticized the UK government for collapsing the pound on the government's plans to cut taxes, others were buying the British currency. The pound's movement on Friday and Monday looks like a...
Short bets against the pound increased by 17% in the first half of September as Truss became PM.Hedge funds have significantly increased their short positions against the pound since Liz Truss became...
In response to Prime Minister Liz Truss' defense earlier today of Friday's massive package of unfunded tax cuts that rocked markets, the pound sterling lost two days' worth of gains, and UK gilt...
Pound sharply lower despite BoE interventionThe roller-coaster continues for the British pound, which is down sharply today. In the European session, GBP/USD is trading at 1.0774, down 1.05%. It has...
As British Chancellor of the Exchequer, Kwasi Kwarteng, was busy outlining what he had dubbed “a beginning of a new era” to his esteemed colleagues in the house of commons on Sept. 23, it...
The pound started the day with losses but has reversed directions and soared in the North American session. GBP/USD is trading at 1.0838, up 0.98%.Bank of England Steps Into Calm Markets The new Truss...
In just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new...
Britain's Investors are becoming fearful of the pound sterling's demise after it fell to its lowest rate against the US Dollar. The slide comes notwithstanding the Bank of England’s regular base...
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