British pound news

After Tuesday’s strong rally, GBP/USD tanks, but the move could be temporary as the UK’s four-decade high inflation could end up producing a more aggressive tightening response from the BoE.

UK inflation rises to its highest rate for 40 years in the year to April, jumping to 9% from 7%.

The British pound succeeded in achieving gains against the euro and the dollar after the release of British labor market statistics that revealed a strong jump in wages and a larger-than-expected drop in unemployment.

We asked people across the country how they are coping with the rising cost of living.

UK headline inflation hit 9% in April, according to the latest ONS release, the highest level in four decades as energy bills continue to jump.

The GBP/USD pair found some support at its lowest level since May 2020 after the strong UK employment numbers.

Global Inflation Clues Due Today; Powell Says Fed Ready to Keep Hiking; US Dollar Recovering, Commodity Currencies Weaker

Bank of England rate hike odds stagnate while the market has dragged forward expectations for the European Central Bank.

GBP/USD soars on Tuesday and notches its largest one day increase since October 2020, supported by broad-based U.S. dollar weakness and strong UK employment data.

Ahead of the release of a batch of important and influential British and US economic data, the GBP/USD exchange rate deepened in a downtrend for nearly a year.

On Tuesday, the UK government will announce planned legislation on the Northern Ireland Protocol that could end up killing its post-Brexit deal with the EU. A trade war could follow.

GBP/USD pushed higher this morning after solid UK employment numbers ahead of tomorrows UK inflation print.

The GBP/USD price is still on edge as investors wait for the upcoming economic data from the US and the UK.

As tensions build over Northern Ireland, concerns of an EU-UK trade war have surfaced.

The major EUR-crosses are coalescing around a singular theme.

The Federal Reserve is in its communications blackout window, elevating the importance of US economic data in the days ahead.

Euro Pound Exchange Rate Wavers on Eurozone’s Weak Trade Balance Euro Pound Exchange Rate Zigzags as Eurozone Trade Disappoints The Euro Pound (EUR/GBP) exchange rate is falling this afternoon as the Eurozone’s latest trade balance weighs on the Euro (EUR). The movement erases EUR/GBP’s earlier gains, leaving the pair to have traded sideways over the course of the session. At the time of writing, …

The sharp pessimistic view on the part of the Bank of England, the fears of the impact of the Russian gas cut on Britain, and an expected path for a strong tightening of the US Federal Reserve’s policy

Risk assets climbed going into the weekend, but it wasn't enough to pull major US indexes into positive territory. Traders are watching the wires for further clues on inflation and the global labor...

The British Pound remains under pressure ahead of the release of important UK jobs and inflation data over the next couple of days.

Bulls seeking to break above $1.2277.

Risk assets climbed going into the weekend, but it wasn't enough to pull major US indexes into positive territory. Traders are watching the wires for further clues on inflation and the global labor...

Cable continues to be plagued with the ‘stagflation’ tag as risk to growth restrict lofty rate hike plans. The NI protocol issue returns following the EU’ new proposal

Despite the Bank of England hiking at the fastest pace in over a decade, Cable is on course for its worst quarterly performance since Q1 2020.

GBP plagued by fundamental and geopolitical headwinds as next week’s inflation and jobs data draw closer.

The British pound has fallen hard during the trading session on Thursday to show signs of weakness.

The cheery tone of global markets helped correct the heavily sold pound higher, although there is still little conviction among analysts that any bounce will sustain itself in the near term.

People spent less in shops and cut down on car journeys leading to the economy shrinking in March.

UK GDP misses expectations highlighting the stagflation risks that the UK economy faces.

The British pound initially tried to rally but found enough resistance at the 1.24 level to turn things around and start selling off again.

The GBP/USD pair is in a consolidation phase after the better-than-expected US inflation data and ahead of the UK GDP numbers.