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GBP weakened as UK retail sales fell 1.3% and budget deficit surged to £24.3bn, while softer inflation and PMI contraction reduced BoE rate hike expectations amid US-Iran negotiation uncertainty.
GBP weakened across major pairs, with GBPUSD declining 0.56%. Sterling faced selling pressure while UK equities showed modest resilience with a 0.46% gain.
GBP weakened across major pairs, with GBPUSD declining 0.33%. UK equities showed resilience with UKX up 0.46%, suggesting selective market positioning.
GBP weakens across major pairs with GBPUSD declining 0.34%, while UK equities show modest resilience with UKX gaining 0.46%.
GBPUSD dropped to two-month lows with its largest weekly decline since January, driven by a stronger dollar amid global political turmoil and UK fiscal concerns. Sluggish UK hiring and expected tax h…
GBPUSD dropped 0.58% while GBPJPY and GBPCHF rose modestly; UKX gained 0.29%.