Pound Remains Strong Against the Euro as BoE Signals Likelihood of Additional Hikes
Some analysts anticipate future gains for the British pound in the aftermath of the Bank of England’s most recent interest rate increase. As anticipated, the Bank raised interest rates by 25 basis points and stated that future rate increases would
Read MoreMarket Awaits Bank of England’s Interest Rate Decision
Recent statistics support arguments that UK inflation and its core determinants are cooling down, but economists and market participants remain divided about their expectations from the Bank of England (BoE) in the coming week, with a sector of traders speculating
Read MorePound Strengthens Against Canadian Dollar on Moderate UK Economic Data
In spite of Canada having a respectable employment report for February, the exchange rate for the British pound to the Canadian dollar reached its highest level in a month just before the weekend. The strengthening of the pound was aided
Read MoreRobust US ISM Report Strengthens Greenback Against Pound
A crucial poll of the U.S. economy arrived in better than anticipated, causing the Dollar to recover prior to the weekend. The US ISM services PMI registered 55.1 in February, exceeding forecasts for a decline to 54.5 from 55.2 in
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