The pound is struggling to build on its recent gains as a toxic combination of political scandal, an energy-driven inflation shock and looming local elections keeps sterling markets on tenterhooks. The traders are betting that the next week could prove decisive for both the currency and Prime Minister Keir Starmer’s political future. Sterling is trading
Sterling edged higher against the US dollar on Thursday, as investors remained cautious ahead of a key interest rate decision from the Bank of England later in the session. The British currency rose modestly, reflecting subdued trading activity as market participants largely stayed on the sidelines. The cautious tone prevailed amid uncertainty over the central
The British pound slipped against the US dollar on Wednesday as a stalemate in peace talks aimed at ending the Iran war weighed on investor sentiment, while caution ahead of key central bank decisions further limited risk appetite. Sterling was last down 0.15% at $1.3499, while it was largely unchanged against the euro at 86.65
Sterling edged lower against a stronger US dollar on Tuesday, as investors turned their focus to upcoming central bank decisions and ongoing geopolitical uncertainty linked to the Iran war. The British pound was last down 0.3% against the dollar, trading at $1.3488. It was little changed against the euro at 86.55 pence. Market participants remained
The USD/JPY exchange rate will be in the spotlight this week as the Federal Reserve and the Bank of Japan (BoJ) publish their interest rate decisions. It was trading slightly below the important resistance level at 160 as traders wait for these events and as the Iran crisis continued. BoJ interest rate decision The USD
The US dollar traded unevenly on Monday as uncertainty surrounding the Middle East conflict kept investors cautious. Hopes for a potential deal to end the war have fluctuated, leaving markets without clear direction ahead of a busy week of central bank meetings. US President Donald Trump cancelled a planned visit to Islamabad by his envoys
Sterling inched higher against the US dollar on Monday as investors tracked geopolitical developments and awaited the upcoming Bank of England policy meeting later this week. The pound gained 0.08% to trade at $1.3544 against the dollar. However, it weakened slightly against the euro, falling 0.1% to 86.70 pence. Market sentiment remained influenced by uncertainty
The Indian rupee’s valuation against major global currencies has dropped to its lowest level in more than a decade, weighed down by rising crude oil prices and persistent foreign outflows. Data from the Reserve Bank of India’s latest bulletin showed that the rupee’s 40-currency real effective exchange rate (REER) fell to 92.72. The REER adjusts
The Japanese yen continued softening against the US dollar as energy prices jumped and after the country’s publication of its inflation report. The USD/JPY exchange rate rose to 159.7, a few points below the year-to-date high of 160.43. Japan inflation jumps as crude oil soars A report released on Friday showed that consumer prices in
The British pound rose marginally against the US dollar on Friday but remained on track for a weekly loss, as geopolitical uncertainty and cautious market sentiment continued to weigh on currency movements. Sterling was up 0.1% at $1.348, as broader foreign exchange markets remained largely range-bound. However, despite the modest daily gain, the currency was