🇬🇧 Rising Redundancies Add to Sterling’s Downside Risks Last week, Sterling weakened against both the Euro and the US Dollar. Although the currency stabilised into Friday’s close, it remains on track for a second consecutive weekly decline. Cable touched its weakest level since late December, briefly trading around the 1.34 mark, while GBP/EUR opens the […]
🇬🇧 GBP/EUR Breaks Key Resistance at Start of 2026 GBP/EUR has started 2026 on the front foot, breaking above key resistance to hit its highest level since October at 1.1490. The move marks a two-month high and follows a period of consolidation over the Christmas break, during which GBP/EUR struggled to sustain gains above the […]
🇬🇧 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 […]
