Pound Sterling extended gains against the Euro and Dollar after the UK government said it would hike the UK minimum wage by an inflation-busting amount in 2024.

November 22,2023

The British Pound advanced against the Euro, Dollar and other currencies after Bank of England Governor Andrew Bailey and two other policymakers told the Treasury Select Committee there was a case for Bank Rate to be paused at 5.25% for an "extended Period".

November 21,2023

GBPEUR technical setup has broken down, key support level gives way, exposing sub-1.14.

November 20,2023

The British Pound stays under pressure against the Euro as markets bet the UK will see interest rates fall sooner and further than those in the Eurozone in 2024, an assumption that is increasingly at odds with what the Bank of England is telling us.

November 17,2023

GBP/EUR remains locked in a multi-week downtrend that must be respected; however, signs of emergent oversold conditions could combine with any positive UK data surprises to help a recovery over the coming days.

November 13,2023

The Pound to Euro exchange rate is on course to register its lowest daily closing rate since May as a protracted selloff extends amidst a rapid increase in bets for Bank of England rate cuts in 2024.

November 10,2023

The Pound to Euro exchange rate rose to test 1.15 on Thursday after a European Central Bank Governing Council member confirmed further rate hikes were not required.

November 10,2023

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