Consumer Confidence Falls as UK Faces Economic Uncertainty Consumer confidence in the UK took a hit in July, according to data released by GfK on Friday. The consumer confidence index dropped to minus 19 in July from minus 18 in June, reversing the slight improvement recorded in the previous month. …
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UK consumers continued to borrow and spend with confidence in April, shrugging off fears of an economic slowdown from the ongoing US trade war and a weakening domestic labour market. According to the latest money and lending figures, released by the Bank of England, this resilience is expected to support …
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The Pound Sterling (GBP) experienced a sharp decline against the US Dollar (USD) at the start of the new trading week, with the GBP/USD pair plummeting over 100 pips and breaching the 1.28 level. This significant drop, pushing the pair to its lowest point in a month around 1.2763 after …
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The British pound has been on a downward trajectory since the start of Wednesday’s morning trading session, weighed down by weaker-than-expected inflation data from the United Kingdom. The latest figures have cast a spotlight on consumer price trends, intensifying speculation that the Bank of England might opt for an interest …
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A complex interplay of economic data, geopolitical developments, and central bank pronouncements prevailed, resulting in shifts across various asset classes. From fluctuating Treasury yields and evolving sector leadership to the resurgence of European equities, the steady ascend of gold prices, and fresh sanctions impacting commodities, investors navigated a landscape rife …
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The British pound strengthened on Friday, reaching a two-month high, after strong UK consumer spending data for January offset concerns over declining employment trends. Key Market Moves GBP/USD rose 0.1% to $1.2675, from $1.266 before the data release. EUR/GBP dipped slightly to 82.81 pence, down from 82.85 pence. Mixed Economic …
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The Pound Sterling (GBP) weakened against the US Dollar (USD) on Monday, as the US Dollar rebounded in thin trading conditions ahead of the New Year holiday. The GBP/USD pair fell below 1.2550 after failing to sustain an intraday high above 1.2600.The US Dollar Index (DXY) rose towards 108.30, poised …
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The GBP/USD currency pair experienced a sharp decline, falling over 60 pips, as robust US economic data and a surge in Treasury yields bolstered the US Dollar. The pair flirted with the crucial 1.2500 support level.US Economic Strength Fuels Dollar DemandKey US economic indicators pointed to a strong economy. Initial …
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The GBP/USD pair encountered a downward correction after reaching a one-month high of 1.2810. This decline was primarily driven by a stronger-than-expected US Nonfarm Payrolls report, which initially dampened the US Dollar’s strength. However, a subsequent surge in the US Consumer Sentiment Index bolstered the Greenback, reversing the earlier trend. …
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The GBP/USD currency pair experienced a significant downturn on Monday, snapping a three-day winning streak and falling below the crucial 1.2700 level. This decline was primarily driven by a combination of factors, including a lackluster economic calendar for the UK and a stronger US Dollar.US Economic Data Drives Dollar HigherThe …
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