Sterling has experienced significant fluctuations in recent weeks, mainly due to the Bank of England's decision to keep interest rates steady at 5.25% for the sixth consecutive meeting on May 9th. This decision initially sparked a sharp sell-off, pushing GBP/EUR down to around 1.1605 and GBP/USD to about 1.2450. However, both pairs have since rebounded, with...
Sterling has dipped to its lowest level against the Dollar since November, now sitting just above the 1.24 mark. This decline is primarily attributed to the Dollar's strength, driven by rising tensions in the Middle East that enhance the Dollar’s safe-haven appeal. Against the Euro, Sterling is performing better, trading around 1.1710. The Euro's weakness is largely due to the ECB’s recent...
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