The Pound Sterling (GBP) shows a marginal corrective move on Thursday as deepening fears of a recession in the United Kingdom economy corner aggressive policy tightening by the Bank of England (BoE). The GBP/USD pair faces pressure but overall sentiment for Pound Sterling is bullish as more interest-rate hikes from the UK central bank cannot be ruled […]

EUR/GBP languishes near the weekly low surrounding 0.8560 as bears struggle ahead of Thursday’s all-important European Central Bank (ECB) monetary policy decision. Even so, the cross-currency pair remains bearish for the fourth consecutive day, poking the lowest level since July 14 of late. It should be noted that the pre-ECB consolidation joins the oversold conditions […]