The Pound Sterling (GBP) strengthens amid upbeat Q2 Gross Domestic Product (GDP) and factory data for June. The GBP/USD pair faces headwinds from bearish market sentiment ahead of the British employment data, which will be released on Tuesday at 6:00 GMT. Stellar recovery in United Kingdom’s Q2 GDP data makes Bank of England (BoE) policymakers more comfortable in raising interest rates […]

Today, ECB consumer survey results for June were published at 9:00 BST time. Expectations for inflation over the next 12 months decreased to 3.4% and expectations for inflation three years ahead also declined to 2.3%. Uncertainty about inflation expectations for the next 12 months remained unchanged. Inflation perceptions and expectations were consistent across income groups, with younger respondents […]

The EUR/GBP pair oscillates in a narrow range around 0.8620 heading into the early European session on Tuesday. Market players await the UK Gross Domestic Product (GDP) Q2 for fresh impetus. The growth rate is expected to grow by 0.2% on a yearly basis. The latest data from Destatis showed on Tuesday that the German […]

Inflation is falling, but still too high… BoE has raised interest rates to make sure inflation keeps on falling and stays low… BoE expect inflation to fall markedly further this year and meet their 2% target by early 2025… Inflation is falling, but still too high… Amidst a backdrop of a declining infection rate and […]