Forex Markets

FX Rate News

GBP/USD dips under 1.3700 amid UK political concerns

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The GBP/USD pair is presently experiencing a decline, trading around 1.3685 during the European session on Tuesday. The Pound Sterling is experiencing a slight decline against the US Dollar due to political uncertainties in the United Kingdom and increasing anticipations of imminent rate reductions by the Bank of England. UK Prime Minister Keir Starmer faced … Read more

FX Rate Updates

EUR/USD Surges Above 1.1900 as China Treasury News Hits US Dollar

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EUR/USD experienced a rally exceeding 0.80% on Monday, as the Greenback remained stable in the wake of recent developments indicating that Chinese authorities advised financial institutions to reduce their holdings in US Treasuries, citing significant volatility in the fixed income markets. Currently, the pair is trading at 1.1916, having rebounded from daily lows of 1.1808. … Read more