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GBP tumbles below $1.34, nearing 2% weekly loss amid political uncertainty over Labour leadership succession and rising inflation concerns from energy shocks, while BOE signals potential rate hikes.
GBPUSD edges near $1.33 amid US-Iran tension delays and shifting BOE policy expectations with two possible rate hikes despite weak UK retail sales and low consumer confidence.
GBPUSD weakens for a third day amid rising oil prices and geopolitical tensions, with expectations of multiple BOE rate hikes despite limited room compared to the Fed. Sterling's dependence on energy…
GBPUSD weakened amid US-Iran tensions, rising oil prices, falling UK consumer confidence, and expectations of multiple Bank of England rate hikes.
GBPUSD slips as Middle East tensions boost USD demand and crude oil prices, raising UK energy concerns. BoE likely to hike rates more aggressively in 2026 amid inflation fears, with key economic data…
Geopolitical tensions in the Middle East and rising oil prices pressure global markets, prompting expectations of possible ECB and BoE rate hikes while the US dollar edges lower amid uncertainty abou…