GBP/USD slumps as strong US jobs data lifts US Dollar
The Pound Sterling (GBP) resumes its downtrend for the week on Thursday, courtesy of heightened tensions in the Middle East and solid US employment data ahead of Friday’s Nonfarm Payrolls report. At the time of writing, GBP/USD trades at 1.3337, down 0.25%. Read More…
BoE DMP Survey: UK firms anticipate easing inflation, improved employment outlook
The Bank of England (BoE) released the results of its February Decision Maker Panel (DMP) survey on Thursday, based on responses from 2,042 Chief Financial Officers of UK firms collected between February 6 and February 20. Read More…
Pound Sterling underperforms as UK faces stagflation risks amid Middle East war
The Pound Sterling trades lower against its major currency peers, is down 0.22% around 1.3340 against the US Dollar (USD), during the Asian trade on Thursday. The British currency faces selling pressures amid fears that the United Kingdom (UK) economy could face stagflation risks due to higher energy prices, a situation in which inflation accelerates with economic growth and employment conditions remaining stagnant. Read More…
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