According to the latest news, Goldman Sachs says that the United Kingdom looks set to see faster economic growth than the United States this year. They announced on Monday that the country races ahead with its vaccination program after its decline in 2020, as the coronavirus pandemic hit the world. The bank announced in a …
Britain is likely to see faster economic growth than U.S. Read More »
The British pound benefited from the information released by the Office for National Statistics (ONS). The GBP/USD maintains the upbeat momentum intact above 1.4000 amid mixed U.K. labor market report. Interestingly, the spot was last seen trading at 1.4003, up 0.15% on the day, courtesy of the merciless slide in the U.S. dollar. The pound …
U.K. Jobless Rate and its Influence on the Pound Read More »
On Monday, the UK’s Treasury department announced the government compensation scheme for London Capital & Finance (LCf)’s victims. They said victims were receiving compensation under the Financial Services Compensation Scheme (FSCS). The FSCS has already compensated approximately £57 million to 2,878 bondholders of the collapsed financial scheme. But the UK government formed a new scheme …
UK Treasury Launches New Plan to Compensate LCF Victims Read More »
The UK’s COVID-hammered economy expanded more quickly than previously expected in the final three months of last year. However, according to official data, it still declined by the most in more than three centuries in 2020 as a whole. The figures also revealed the biggest pile of household savings on record last year, which the …
The British pound is one of the most recognizable currencies in the world. Interestingly, the pound continues to lose ground against the U.S. dollar. Importantly, GBP/USD is trying to settle below the support at 1.3710 while the U.S. dollar continues to strengthen its position against a broad basket of currencies. People should keep in mind …
Pound Failed to Gain Ground Against the U.S. Dollar Read More »
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It is a good day for the pound, as it rose to a 13-month high against the euro on March 18, shrugging off COVID-19 vaccine concerns ahead of a Bank of England meeting. Interestingly, the central bank is expected to leave the interest rates unchanged and maintain the Bank of England’s bond-buying program. People should …
Pound Reached its Highest Point Against the Euro Read More »
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The United Kingdom’s economy declined less than feared in January as the country went back into a COVID-19 lockdown. However, trade with the European Union took a hard hit at the start of the post-Brexit trading relationship. Economists had expected a reduction of 4.9%. The country’s economy is likely to decline by 4% in the …
The United Kingdom’s economy fell by less than feared Read More »
According to the United Kingdom’s cyberspies at the Government Communications Headquarters, they have fully embraced AI in order to unmask patterns in vast amounts of global data to counter hostile disinformation and snare child abusers. Artificial intelligence enables modern computers to learn to sift through data to see the shadows of spies and criminals that …
The U.S. Dollar declined briefly to the lowest level since January 13 on Tuesday as investors’ attention shifted to how the U.S. Federal Reserve chief might respond to resurgent inflation expectations. At the same time, commodity-linked currencies hovered near multi-year highs. Interestingly, the recent rise in inflation expectations as investors bet on a post-pandemic economic …
Dollar Fell to the Lowest Point for a Short Period of Time Read More »
Jaguar Land Rover (JLR) is a well-known carmaker. The company made an important decision. Based on the information provided by the carmaker, its Jaguar luxury brand will be all-electric by 2025. Interestingly, Land Rover will release its first all-electric vehicle in 2024, the first of six fully electric models planned for release over the next …
Jaguar Land Rover, Electric Cars, and New Opportunities Read More »
On February 15, the British pound increased over $1.39 for the first time in nearly three years, boosted by broad-based greenback weakness and by optimism for the end of a third national lockdown. The pound has been a key gainer versus a struggling U.S. dollar this month. The aggressive rollout of the coronavirus vaccination program …
The British pound declined below $1.38 versus the greenback. However, it was steady versus the euro in early London trading on Friday. The moves came as data revealed that the United Kingdom’s economy suffered a record slump in 2020. However, it increased in the last quarter. Britain’s economy declined by 9.9% in 2020, which is …
The pound declined below $1.38 against the dollar Read More »
On February 11, the U.S. dollar traded near two-week lows on a holiday-thinned Asia session. Furthermore, soft U.S. inflation and FED’s promise to keep rates low reinforced anticipations of meager returns from the reserve currency. The risk-sensitive currency, the Australian dollar, stood below a two-week low hit overnight. Meanwhile, the euro stood at $1.2119, close …
The Dollar Stands Near Two-Weeks Low, the Pound Boosted Read More »
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