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 […]

EUR/USD retreats from intraday high as it struggles to defend buyers around the 1.1100 round figure heading into Thursday’s European session. In doing so, the Euro pair remains firmer for the second consecutive day but lacks upside momentum amid a cautious mood ahead of the European Central Bank (ECB) monetary policy decision. The recent growth and inflation […]