The Pound, Euro and other currencies had almost fully reversed their earlier losses against the Dollar by the final session of the week as market concerns about the stability of banking sectors in the U.S. and Europe appeared to wane, prompting a relief rally in some assets going into the weekend.
March 17,2023
Foreign exchange dealers at Heathrow Airport are offering euros and dollars at below parity, despite the spot level in both exchange rates being significantly higher.
September 1,2023
There will be some giveaways in Budget 2023, but "no helping hand for Sterling" says strategists at Barclays.
March 15,2023
The British Pound held its recent gains against the Euro and U.S. Dollar following the release of data that showed the UK's labour market remained 'tight', ensuring the prospect of another rate hike at the Bank of England on March 23.
March 14,2023
Global short-term bond yields are collapsing as investors bet central banks will have little choice but to ease back on their interest rate hiking intentions in the wake of Silicon Valley Bank's (SVB) collapse.
March 13,2023
The British Pound remained on a fragile footing against the Euro and Dollar following the release of UK GDP data that showed the economy grew 0.3% in January.
March 10,2023
Powell warning on interest rates triggers market selloff, boosting USD & EUR against the GBP.
March 8,2023
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