Pound Sterling (GBP) had a kneejerk uptick after the hot UK June CPI print reduced the likelihood of a more dovish BOE policy ...

The British pound rebounded on Wednesday following a consistent decline since the start of the month which landed the GBPUS pair to a three week low. The pound was boosted by ...

All eyes are on the UK's jobs market as Thursday's upcoming figures are expected to determine the Bank of England's next move ...

Excluding volatile items like food, energy, alcohol, and tobacco, core inflation also saw a slight increase. The core consumer prices index, which focuses on these more stable categories, rose by 3.7 ...

The risk-averse market environment and the broad-based US Dollar (USD) strength following the June inflation readings from the US make it difficult for GBP/USD to attract buyers on Wednesday.

The pound edged higher against a weakening dollar and fell versus the euro, as investors assessed whether the Bank of England might cut rates more aggressively than the currently expected pace of 25 ...

Inflation has risen fractionally to 3.6 per cent in June but interest rate cuts from the Bank of England are still likely to ...

The annual rate of inflation in the U.K. unexpectedly rose to its highest level in over a year, at 3.6% in June, according to ...

The rate of annual inflation was 3.6% in June, up from 3.4% in May, figures from the Office for National Statistics showed Wednesday. That contrasted with the estimates of economists polled by The ...

Many analysts still expect two rate cuts between now and the end of 2025, one in August and one in November, to bring the base rate down to 3.75 per cent. Rob Clarry, investment strategist at Evelyn ...

Inflation rose unexpectedly last month, official figures show, in a troubling sign for policymakers at the Bank of England. The consumer prices index (CPI) rose to 3.6pc in June, which was its highest ...

UK inflation unexpectedly rose to its highest level since January 2024 as food prices jumped, keeping some pressure on the ...