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- ABC News ABC News features a wide variety of stories and videos related to sterling, a form of currency used in many countries. In addition to news stories about changes in the value of sterling and its impact on the global economy, ABC News also produces stories about the history of sterling, the British Royal Family's relationship with the currency, and other topics related to the currency. There are also videos about the making of British coins and the history of the Bank of England.
On FX markets, the dollar this time outperformed on (or is it despite?) the risk-off. DXY closed at 104.55. EUR/USD finished the session at 1.0754 (from 1.0791). The yen also weakened to USD/JPY 105.6. UK markets reacted rater constructive to softer than expected CPI data and to Fin Min Reeves’ spring budget update (and new OBR fiscal projections). UK yields eased between 1.1 bp (2-y) and 6.0 bps (30-y). Sterling declined after the CPI data, but regained most of the loss especially against the euro later (EUR/GBP 0.8345 close).
The GBP/USD forecast shows a weaker dollar amid growing tariff uncertainty. Data revealed a smaller-than-expected 2.8% increase in UK inflation. Rachel Reeves outlined plans to cut spending due to the weak economy. The GBP/USD forecast shows growing tariff uncertainty that is weighing on the dollar, allowing the pound to recover. Sterling was down in the… […]
The Pound Sterling remains firm, hovering around 1.2950 against the US Dollar, virtually unchanged, as traders digest the latest inflation report from the United States (US), amid uncertainty about a potential trade war escalation following Trump's imposition of tariffs on cars.
The Pound Sterling remains firm, hovering around 1.2950 against the US Dollar, virtually unchanged, as traders digest the latest inflation report from the United States (US), amid uncertainty about a potential trade war escalation following Trump's imposition of tariffs on cars.