The Bank of England (BoE) raised the UK's Bank Rate to 4% on Thursday, as the market had fully priced, and the Pound's six-session climb has stopped just above 1.3500. GBP/USD reached that level on Wednesday, its highest since mid-September, got…
In the morning video above, I take a look at the three major currency pairs—EURUSD, USDJPY and GBPUSD—from a technical perspective. For each pair, I outline the bias, the risk-defining levels and the targets that would give either…
Sterling has climbed to its highest level against a basket of major currencies since the 2016 Brexit referendum, as investors assess the impact of the Bank of England's first interest rate rise in more than three years. The Bank's trade-weighted sterling…
The pound has reached its strongest level against a raft of major currencies since the Brexit referendum vote more than a decade ago, according to figures from the Bank of England. The latest data from the Bank showed that on…
Sterling has climbed to its strongest level against a basket of major international currencies since the Brexit referendum, marking a significant recovery for a currency battered by a decade of political turmoil, economic shocks and repeated uncertainty over Britain’s future.
The BOE's trade weighted measure of sterling has been trending higher since September and this week cleared its May 2025 peak, marking the firmest reading since the referendum year. That strength lines up with cable too, as the pound briefly moved…
The British pound has climbed to its strongest overall level since the 2016 Brexit referendum, according to Bank of England figures cited by the BBC. The move comes just ahead of a Bank of England interest rate decision in which the…
The Bank of England raises Bank Rate to 4.0%. Sterling’s recovery remains intact, but a potential double top on the hourly chart puts support near 1.3450 to the test. Head of Markets at IG Europe The British pound is trading at around…
The Pound Sterling (GBP) erases its previous gains against the US Dollar (USD) on Thursday even though the Bank of England (BoE) raised rates to 4%, narrowing the differential with the Federal Reserve (Fed), but solid US data and hawkish comments…
EUR/USD slips into negative territory on Thursday as the US Dollar (USD) rebounds from its post-election sell-off. Lower-than-expected US Initial Jobless Claims and hawkish remarks from Federal Reserve (Fed) officials help the Greenback regain ground. At the time of…
The euro and sterling against the dollar and each other: EUR/USD, GBP/USD and what moves them.
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