EUR/GBP Holds Modest Gains as Euro Finds Support Amid Mixed Data
EUR/GBP trades slightly higher near 0.8680 on Monday, posting modest gains of around 0.10% on the day. The pair is edging up on mild Euro…
Posts Tagged: Monetary Policy Committee
GBP/USD Faces Resistance Below 1.2250 Amid Risk-Averse Market
On Monday, the value of the British pound against the US dollar dropped below 1.2250. The risk-averse nature of the market at the beginning of…
EUR/GBP Rises for Third Consecutive Day as BoE Rate-Hike Pause Weakens GBP
On Friday, traders are buying dips in the EUR/GBP cross near 0.8660, keeping the modest intraday gains seen since the start of the European session….
USD/TRY Tests 8.30 As Inflation Concerns Weigh on Lira
The Turkish lira is sliding again against its US counterpart on Tuesday, despite better-than-expected economic data. Foreign exchange markets are continuing to be bearish on…
Turkish Lira Weakens on 17% Inflation Rate, COVID-19 Resurgence
Turkey is going through an inflationary crisis as the latest numbers point to a disastrous situation for a country that has abandoned a more orthodox…