GBP/USD trades low on Thursday ahead of the BoE rate decision. Speculations surrounding an imminent rate hike by the Bank of England (BOE) have became doubtful after the Fed disappointment on Wednesday But According to the economists at Bank of America (BofA), the Bank of England (BOE) is seen hiking the benchmark interest rate by [...]
The cable pair is showing positive moment today ahead of foreign investment, this will create 30000 jobs in and around UK. Boris Johnson announces $ 10 billion in foreign investment as he rolls the red carpet for business leaders and he welcomes nearly 200 business leaders to the London summit. Microsoft co-founder Bill Gates attends [...]
The sterling is trading downside today against greenback amid the BOE interest rate decision and the concern over the fuel crisis. The greenback is uptrend against major currencies as investors rallied on rising energy prices and the Federal Reserve's expectations of higher inflation. The British pound fears inflation and continues to struggle over the challenge [...]
The cable pair is traded at its low level today London session. Amid widespread risk-on sentiment, the US dollar withdrawal, the recent resilience of the cable pair, and the pessimism surrounding Brexit-led challenges have recently reassured pair sellers in the UK petrol supply. The UK government has decided to temporarily suspend competition rules for the [...]
