Pound shows a mixed trend against the greenback ahead of the preliminary reading of the first-quarter (Q1) 2021 UK GDP numbers, up for publishing at 06:00 GMT. Forecasts suggest that the UK GDP will rise to 1.4% MoM in March versus 0.4% previous readouts while the Index of Services (3M/3M) for the same period is [...]
Cable traders are cautious ahead of the Uk events. The elections in the UK, including Scotland, as well as the Bank of England’s (BOE) Quarterly Inflation Report (QIR) could direct the cable further. Britain holds its first local and regional elections since Brexit and the coronavirus pandemic on Thursday, In the recent years the United [...]
British government on Tuesday seek to agree decisive action from G7 partners to protect democracies against global threats like those posed by China and Russia. In the second day of Hosting in the foreign ministers' meeting in London designed to lay the groundwork for a leaders' summit in June, Raab will lead talks among the [...]
The Pound has gained strength and accumulates a move showing its strong gains in the past few sessions. The pound has made gains with the response to the US dollar index (DXY), which tracks the movement of the greenback against its counterpart. The index lost its ground on Wednesday and fell to multi-week lows, thus [...]
