PoundSterling

Pound Weakened by Lackluster UK Growth, Prompting Rate Cut Speculations

8 hours ago

The British pound has experienced a notable decline following the release of disappointing economic growth figures from the United Kingdom. The latest data indicates that the UK economy is struggling to maintain momentum, which has analysts predicting an increasing likelihood of interest rate cuts by the Bank of England in the near future.

Pound Plummets to Two-Week Low as Bank of England Hints at Further Rate Cuts

3 months ago

The British pound slumped to a two-week low in international currency markets after Andrew Bailey, Governor of the Bank of England, hinted that the central bank was ready for further cuts in interest rates to help deal with the continuous slowdown the UK economy has been facing.