Following the announcement of the death of HRH Sheikh Khalifa bin Zayed bin Sultan Al Nahyan, President of the UAE and Ruler of the Emirate of Abu Dhabi, the Finseta team send our condolences to the people of the United Arab Emirates at this sad time.
🇬🇧 GBP Under Pressure as Fiscal Concerns and Geopolitics Weigh GBP remained on the back foot last week against both the Dollar and the Euro, with another week in the red for both Cable and GBP/EUR. Cable has opened Monday’s session on a weaker footing, dipping below 1.33, while GBP/EUR…
🇬🇧 Pound Falls Against Dollar, Euro Pair Eyes Resistance Last week the Pound weakened significantly against the Dollar as developments in the Middle East conflict weighed on market sentiment, with Friday’s sell-off bringing total weekly losses to around 1.3%. This move was further exacerbated by disappointing UK economic data. The…
🇬🇧 Sterling Supported as Rate Cut Bets Fade Positive momentum supported GBP/EUR last week, with the Pound extending gains against the euro through Friday as investors reacted to developments surrounding the Middle East conflict. Sterling recorded its first weekly gain against the Euro in five weeks and its largest weekly…
