Tag Archives: BoE
Pound Sterling Hits Nine-Month Low Against U.S. Dollar
Pound Slides as Dollar Strengthens on Policy Expectations The British pound sank on Thursday to a level it has not seen for nearly nine months against the US dollar as the latter’s position remained strong waiting for the alteration of internal policies from the soon to be President Donald Trump. The pound had given up […]
UK Economy Stagnates: ONS Revises GDP Growth to 0%
Economic Stagnant under Starmer’s Leadership The ONS on Monday revised down its estimate for UK third-quarter GDP growth to 0.0% from the previously reported 0.1%, showing that Britain’s economy did not grow at all during the first three months of Prime Minister Keir Starmer’s government. This underlines a wider economic slowdown that has overshadowed the […]
Pound Sterling Strengthens After PMI Release
Bank of England Remain Cautious in Rate Cut On Monday, the Pound Sterling strengthened against the US Dollar after a business activity survey signalled rising prices in Britain, while investors prepared for a series of central bank meetings this week, including the Bank of England’s decision on Thursday. GBP/USD climbed 0.57%, closing at 1.2682. (GBP/USD […]
