EUR/GBP: the euro recovers against a weak pound sterling

Euro benefits from weak Pound after inflation data The single currency is trying to regroup against a pound sterling weakened by growing fears of stagflation. EUR/GBP returns to test last week’s highs as UK inflation data came in better than expected at a 40-year high of 10.1% for headline inflation and 6.2% for underlying inflation. … Read more

GBP/USD: the pound in balance despite the Bank of England

British Pound Remains In Balance Despite Significant Bank of England Rate Hike The pound remained broadly in balance on Thursday despite the Bank of England’s biggest rate hike since the 1990s. The BoE raised rates for the sixth consecutive meeting, but this time by 50 basis points, bringing them back to their highest level since … Read more