Sterling climbed in European trade on Tuesday against a basket of major rivals, while recovering from two-month lows against the US dollar, thus hovering around the psychological barrier of $1.3. Now traders await Bank of England Governor Andrew Baileys speech later today, which could provide clues on the future of UK interest rate cuts this year. The Price The GBP/USD...

Sterling about to mark largest weekly profit in a month The odds of a November UK rate cut recede BOE seeks more evidence before rate cut Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the third straight session against the dollar and hitting 30-month highs, and about to mark the largest weekly...

Sterling tumbled in European trade on Wednesday to below $1.3 against the dollar for the first time in two months, following mainline UK inflation data, which were colder than expected. The data showed that inflationary pressures on the Bank of Englands policymakers are receding, which boosted the odds of a 0.25% UK interest rate cut in November. The Price The...

Sterling rose in European trade on Tuesday against a basket of major rivals, while trying to recoup from four-week lows against the dollar, under pressure from prospects of UK interest rate cuts. The bearish remarks from Bank of England Governor Andrew Bailey boosted the odds of a 0.25% interest rate cut in November, which would widen the rate gap with...