The Pound Sterling (GBP) attracts bids in opposition to its main forex friends and jumps 0.45% to close 1.3440 on Monday, following the discharge of the UK (UK) Q3 Gross Home Product (GDP) knowledge. The Workplace for Nationwide Statistics (ONS) confirms that the economic system grew at a quarterly tempo of 0.1%, consistent with preliminary estimates. Learn extra…
HSBC analyzes the implications of the Financial institution of England’s (BoE) current fee reduce on the British pound (GBP). The report notes that the BoE’s ongoing easing cycle might result in the GBP underperforming in opposition to different currencies just like the AUD and NZD, that are anticipated to see fee will increase. Learn extra…
