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Sterling Set or Largest Six-Week Fall

The British pound is set to suffer its largest loss in six weeks after taking a 2% hit following the Bank of England's (BoE) largest interest rate hike in three decades. Overall, the pound is down 3.3% this week. While the pound managed to gain...

Sterling Rally Ceases Ahead of ECB Rate Hike

The British pound fell against the strengthening U.S. dollar on Thursday as investors await the latest policy announcement from the European Central Bank. Scheduled for 12:15 GMT, the ECB is expected to announce an interest rate hike of 75 basis points to 0.75%. There...

Pound Crashes Again After Bank of England Rules Out Emergency Intervention

It turns out the recovery of the British Pound was short-lived as the currency started trending back to historic lows against the U.S. dollar once again. This came after the Bank of England (BOE) and the UK Treasury ruled out an emergency intervention to...

Sterling Weakens Ahead of British Tax Cuts

The British pound fell by 0.6% to $1.1170 on Friday; its lowest level against the US dollar since 1985. The currency remained stable against the euro at 87.40 pence per euro. This comes ahead of an expected announcement of a decline in British tax...

Sterling Strengthens Against Dollar in the Face of UK Inflation Decline

The sterling gained 0.5% against the U.S. dollar on Wednesday, now valued at $1.1546. This comes after the British currency fell to a three-decade low of $1.14070 last week. In addition, the British pound also strengthened against the euro by 0.2%. Following a decline in...

Sterling Set for Worst Month Vs. Dollar Since 2016

As the British economy slows down sharply due to rising inflation, the sterling appears set to endure its worst month vs the US dollar since late 2016. The pound was down 4.4% at $1.1645 at 0930 GMT on Wednesday. The loss eclipsed the 4.3%...