Pound Slumps Against the Euro Amid Starmer Implosion

Pound Slumps Against the Euro Amid Starmer Implosion

The pound is now down 0.5% against the euro, with one pound currently worth €1.15 after Morgan McSweeney resigned yesterday. The pound also dropped 0.1%

GBP and JPY Eyeballing Domestic Politics - ActionForex

GBP and JPY were eyeballing domestic politics. Starmer’s position as prime minister looks increasingly vulnerable after his chief of staff resigned on Sunday for his advice to hire Mandelson as ambassador. But being the man who actually appointed Mandelson, both allies and opponents are putting on the heat on Starmer. We’ve seen jittery gilt and GBP markets return last week, fearing for a potentially fiscally less strict successor to Starmer eve…

Pound to Dollar Rate Forecast: Starmer Resignation Risk to GBP?

The Pound to Dollar exchange rate (GBP/USD) is being driven increasingly by political risk and central-bank uncertainty, with renewed pressure on Sterling following a knife-edge Bank of England vote and growing speculation over UK leadership stability.

Sterling on back foot as political crisis continues

Sterling’s interesting start to February saw it hit a near five-year high on the US dollar and six-month high against the euro on Wednesday. It then drifted by some 2% against USD and just over 1% against EUR. The pound’s sudden fall was caused by two things. Firstly, the Bank of England (BoE) surprised the […]

GBP/USD edges lower to around 1.3610 early Asian session

The post GBP/USD edges lower to around 1.3610 early Asian session appeared on BitcoinEthereumNews.com. GBP/USD Price Forecast: Holds medium-term bullish bias above 1.3600 The GBP/USD pair trades on a softer note around 1.3605 during the early European session on Monday. Growing expectation of the Bank of England’s (BoE) interest-rate cut weighs on the Pound Sterling (GBP) against the Greenback.  The BoE was widely expected to leave interest rate…