|Day's range||1.2335 - 1.2372|
|52-week range||1.0379 - 1.2679|
Consumers who can least afford to pay over the odds more likely to be hit with a penalty of £302 on average.
The British pound fell rather hard during the course of the trading week to reach the 1.2350 level, where buyers have stepped in to pick up the market.
The British pound has rallied a bit during the trading session on Friday, as we have broken above the 1.2350 level and tested the 50-Day EMA.
The UK might be headed towards a recession as stubborn core inflation could see the Bank of England increase interest rates to a peak of 5.5%.
The rise of text to video applications could see AI-generated feature films created in people's bedrooms by the end of the year, claims a web3 advisor.
The British pound has gone back and forth during the trading session on Thursday as we continue to see a lot of noise in the Forex markets.
The U.S. dollar gained in Europe Thursday, climbing to a two-month high on rising fears of a U.S. default as Fitch threatens a rating downgrade. At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.2% to 103.955, just below the 104.05 overnight peak, the highest level since mid-March. The dollar’s safe haven status has meant that it has benefited from the lack of progress in the talks to lift the U.S. government's $31.4 trillion debt ceiling, with the early-June deadline that Treasury Secretary Janet Yellen said is when it’s “highly likely” that her department will run out of money drawing nearer.
The British pound has gone back and forth during the trading session on Wednesday, as we continue to see a lot of noisy trading. The 50-Day EMA of course, is attracting a lot of attention.
For some workers, the uncertainty of pay causes more stress than the job itself — especially if they’re paid depending on how they perform.
While talks between both political parties continue over the lifting of the U.S. government's $31.4 trillion debt ceiling, any progress seems to be hard won and there are few signs of a deal being reached anytime soon. There’s now just over a week before the early-June deadline that U.S. Treasury Secretary Janet Yellen said is when it’s “highly likely” that her department will run out of sufficient cash to function as normal.
More than £1.2bn lost to financial fraud last year
The British pound fell a bit during the trading session on Tuesday to show signs of weakness after PMI numbers came out weaker than anticipated.
BoE admits it got its forecast for price rises wrong and was slow to act.
The International Monetary Fund (IMF) said it no longer expects Britain's economy to fall into a recession this year and has upgraded its forecasts.
Private sector growth slows in UK amid 'tale of two economies'.
Chancellor to meet food manufacturers to discuss high prices
Artificial Intelligence (AI) has been a hot topic in the world of trading for decades. Will AI ever be able to outperform humans in making potentially profitable decisions?
Economists expect the figure to fall to between 8% and 8.5% on Wednesday.
The U.S. dollar gained in early European trade Tuesday, with risk sentiment on the slide as the debt ceiling impasse continued and following hawkish comments from Fed officials. U.S. President Joe Biden and House Speaker Kevin McCarthy ended discussions late Monday with no agreement on how to raise the U.S. government's $31.4 trillion debt ceiling. U.S. Treasury Secretary Janet Yellen added to the urgency of the situation by stating that it’s now “highly likely” that her department will run out of sufficient cash in early June.
UK lost £153bn to inflation in the two years averaging £5,455 per household, new calculations have found.
Meta has received a record €1.2bn fine for failing to adhere to the European Union's privacy regulations.
Should the country decide to issue a digital pound, existing data protection, security and anti-money laundering rules would need amending, said Louise Abbott, partner at U.K.-based Keystone Law.
Air fares jumped 50% on levels seen a year earlier, to an average of €41 (£36).
Will it really make remote working the norm for employees?
The U.S. dollar edged lower in early European trade Monday amid uncertainty surrounding the U.S. debt ceiling negotiations and after dovish comments from Fed chair Jerome Powell. The dollar received a blow late last week as negotiations over the potential raising of the U.S. debt ceiling, and thus avoiding a very damaging default, suddenly broke down with Republicans walking out of the meeting. U.S. President Joe Biden and House Republican Speaker Kevin McCarthy are set to meet later Monday, but compromises will have to be made and thus more brinkmanship is to be expected ahead of early June, when the Treasury is seen running out of money.