by Julian Benson | Feb 7, 2025
The pound steeply fell against the dollar and euro following an interest rate cut and a damning indictment of UK growth from the Bank of England. It regained some losses through the day but closed weakened against USD and EUR. GBP/USD past year 1 Min 5 Min 1 Hr 1 Day...
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by Julian Benson | Feb 7, 2025
The Bank of England’s long predicted interest rate cut immediately knocked the pound down in value against the euro and dollar on Thursday. Meanwhile, in light of continuing Trump instability, the dollar once again gained on the euro as traders bought the safe haven...
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by Jonathan Cook | Feb 6, 2025
Sterling enters a pivotal Thursday having strung together several positive days in a row. Yesterday, GBP/EUR hovered near its highest in 2025 and GBP/USD climbed by almost half a cent to end the day at its strongest in almost a month. Today’s Bank of England interest...
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by Jonathan Cook | Feb 6, 2025
Unlike the US president, the US dollar cannot simply bludgeon markets into submission – not yet, at least. A slowdown in services data added more uncertainty for the US dollar, which must now also navigate employment and consumer sentiment datapoints on Friday....
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by Jonathan Cook | Feb 6, 2025
The euro has recovered well since Monday’s shock, stemming the tide against the pound and rebuilding some buffer against the US dollar. In a heartening sign of eurozone resilience, EUR/USD is now above where it began the week. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1...
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