🇬🇧 GBP Sterling Under Pressure as Weak UK Data Dents Momentum Sterling slipped against both the Euro and the Dollar last week after a run of softer UK data. The economy contracted by 0.1% in October in the latest monthly GDP release, missing forecasts for a 0.1% expansion. On an annual basis, growth eased to […]
ClearBank, the enabler of real-time clearing and embedded banking, today announces its partnership with Finseta plc (AIM: FIN), a foreign exchange and payments solutions company, to deliver agency banking services supporting GBP and multi-currency (MCCY) accounts. About the Partnership Under this partnership, Finseta will leverage ClearBank’s virtual IBAN technology to provide both GBP and MCCY […]
🇬🇧 GBP Outlook Brightens Into Year-End After Solid Gains and PMI Upgrade Last week, sterling built strong momentum against key currency pairs. Cable rose almost 1%, opening the week above 1.32, while GBP/EUR also moved higher and started the week around 1.14. The Pound also posted its strongest one-day performance versus both the Dollar and […]
