EURGBP extends its strength for the fourth consecutive day, trading near 0.8410 during Monday’s European session. The cross gains traction as the...
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The EURGBP pair edged lower to 0.8440 in Wednesday’s North American session, as the five-day rally in the cross that was built on surging yields on UK gilts appears to be losing fuel. The 30-year gilt yields tumbled from their more-than-26-year high of 5.47% to 5.38% after the release of the soft Consumer Price Index (CPI) report for December, which led to a recovery move in the Pound Sterling. The UK CPI report showed that the core inflation – which excludes volatile items, such as food, energy, oil, and tobacco – grew by 3.2%, slower than estimates of 3.4% and the former reading
EURGBP extends its strength for the fourth consecutive day, trading near 0.8410 during Monday’s European session. The cross gains traction as the...
The EURGBP cross extended the rally to 0.8445 during early European trading hours on Wednesday. The Pound Sterling weakened against the shared...
EURUSD remains firm at 1.0300 in Wednesday’s European session after a strong recovery on Tuesday. The major currency pair consolidates as...
The EURUSD currency pair consolidated around 1.0300 in Thursday’s North American session. The major currency cross trades sideways, following the...
The EURGBP cross extended its upside to near 0.8375 in early European trading on Friday. The Pound Sterling remains under selling pressure amid...
The pound’s recent dramatic fall to a 14-month low against the US dollar highlights a growing crisis in confidence over the UK economy, according to...
Food prices eased on the back of a slower pace of inflation in vegetable prices, which stood at 26.56% in December last year.
The pound is also up against the dollar, which will come as a relief to chancellor Rachel Reeves.
The National Bureau of Statistics, NBS, says Nigeria’s headline inflation rate increased to 34.80 per cent in December 2024. The NBS disclosed this...
Silver (XAGUSD) reclaimed a more-than-a-month high of $30.95 in Wednesday’s European session, with the white metal strengthening as the US Dollar...