Sterling fell and UBS Global Wealth Management said it could remain under pressure in the near-term on concerns about higher U.K. borrowing costs, though it is likely to recover later in the year.
The Eurozone December inflation data has pushed back expectations that the ECB will deliver a jumbo rate cut.
Deeply oversold conditions could slow the pace of further declines in the pound, UOB said.
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The GBP/USD has carved a successive series of lower highs and lower lows, an indication that the downtrend remains intact.
Macquarie strategists suggested that the British Pound (GBP) could potentially rebound if a new government in the United Kingdom (TADAWUL: 4280) introduces a successful pro-growth economic policy, ...
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Pound Sterling has plummeted to its lowest level since 2023, with Rachel Reeves failing to calm spooked markets. The currency ...
Deeside, Wales, U.K.-based grocer The Food Warehouse, as well as its parent company Iceland Foods, is expanding its Slimming ...