pound

Goldman Sachs expects the pound to rise to its highest level against the US dollar in more than three years, supported by strong economic growth in the UK and a gradual reduction in interest rates by the Bank of England. The US…

The pound rose to its highest level since March 2022, breaking through the $1.33 level, after the Bank of England decided to keep interest rates steady at 5 percent and indicated a gradual approach to easing monetary policy.…

By Kevin Buckland and Alun John TOKYO/LONDON (Reuters) - The euro held near its highest in more than a year against the dollar on Thursday after strong euro zone business activity data and ahead of euro zone wage figures that will shape…

We have reached the point where we need to zoom out to paint a clear picture of the forex market. A great example of this is Cable, where the daily chart shows that we are only 60 pips away from the July 2023 high.GBPUSD DailyIf this is…

Written by Ankur Banerjee SINGAPORE (Reuters) - Sterling edged up on Thursday after strong British GDP data, while the euro held above $1.10, close to a more than seven-month high hit the previous day, supported by data showing slowing…

The dollar rose on Thursday after falling the previous day as central banks continued to roil currency markets, while sterling fell to a four-week low after the Bank of England cut interest rates from a 16-year high. The dollar…

By Mike Dolan LONDON (Reuters) - Is it the first country to raise interest rates, the first to hit its inflation target and the last to cut rates? It may be unwise to read too much into the volatile and marginal bets on interest rates in…

UBS has expressed a bullish outlook for the pound, citing recent comments from new UK Chancellor Rachel Reeves on the government’s growth agenda. Reeves stressed the limited scope of government spending, indicating that the administration…

Investing.com - The U.S. dollar was lower in early European trade on Thursday ahead of a key inflation report later in the session, while strong growth data boosted the British pound. At 04:00 ET (09:00 GMT), the dollar index, which tracks…

Written by Mike Dolan LONDON (Reuters) - The sight of the pound hitting its highest levels since the 2016 Brexit referendum after a surprise election announcement in the United Kingdom is hard to ignore - and may signal hope on the…