Gradual rate cuts likely over next year- BoE’s Bailey
Bank of England (BoE) Governor Andrew Bailey indicated that gradual interest rate cuts are likely over the next…
Browsing Tag
Sterling
UK wage growth slows in June-August ’24
The UK's annual growth in employees’ average regular weekly earnings, excluding bonuses, stood at 4.9 per cent in…
Sterling hits two-year high on Thursday
The pound sterling surged to its highest level in over two years against the dollar on Thursday, reaching $1.33 for…
Dollar weakened as Fed rate cut expectations raise
The US dollar weakened against major currencies on Monday, while the Japanese yen reached its highest level in over…
US dollar weakens against yen on Monday
The US dollar dropped on Monday, particularly against the yen, amid expectations of a dovish tone in the Federal…
Sterling falls after weaker UK inflation data
The pound sterling fell 0.3 per cent to $1.2827 on Wednesday following weaker-than-expected UK inflation data,…
Sterling rises slightly after 4-week decline
Sterling showed a modest gain on Monday after four consecutive weeks of declines against the dollar, as traders…
Sterling hits five-week low against dollar
The pound sterling fell to a five-week low against the dollar on Tuesday, trading at $1.2699, down 0.6 per cent and…
Sterling falls on rate cut hopes, Reeves’ speech
The pound sterling dropped to its lowest level in two weeks on Monday as investors awaited the Bank of England's…
Sterling edges up, euro nears two-year low
Sterling gained against the euro on Wednesday, buoyed by stronger British business activity compared to the…
