The GBP/USD currency pair recently reached a significant milestone, hitting a two-and-a-half-year high of $1.32 on August 27, 2024. Analysts are optimistic that this strong upward momentum will persist through the end of the year, positioning the pound sterling as one of the top-performing global currencies.
Britain's robust economic growth, bolstered by the election of…
The British pound surged to its highest level against the US dollar, driven by the Bank of England's more hawkish stance compared to the Federal Reserve's outlook at the Jackson Hole Symposium last Friday.
The pound also rose sharply against other G-10 currencies following the symposium, a key event hosted by the Federal Reserve in…
The Bank of England cut interest rates by 0.25% to 5% with a narrow 5-4 vote, as inflation met the 2% target. This decision caused the British pound to weaken and led to a slight rebound in UK equities.
The Bank of England cut interest rates at its August meeting for the first time since…