Expectation on ECB favors pound

GBP/USD picks up bids from the last 6 months low on the US dollar pullback. The Sterling bulls  have been appeared ahead of the European Central Bank (ECB) meeting. The European Union (EU) has rejected a 28-page paper to change the UK's Northern Ireland (NI) protocol request. The British government said on yesterday that post-Brexit [...]

Rising covid cases impacts pound

The GBP staggered low against the dollar on Wednesday after disappointing the Covid cases increases in Britain which raised doubts about the strength of the economic recovery, while the dollar awaited the Federal Reserve's minutes from its last policy meeting. Yields have plummeted in recent weeks as many speculators bet that rising inflation could trigger [...]

BOE’s monetary policy impacts pound

Pound picks up bids on the fourth consecutive positive day in Asia.  Monetary policy meeting of the Bank of England (BOE) seems to impact the pound positively. The Bank of England is about to announce its latest decision on monetary policy on Thursday, June 24. This particular meeting will not include fresh macroeconomic projections, due [...]