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UK households will continue to feel the pain of soaring energy bills this winter as a new Ofgem price cap comes into force.
One year ago today, the British pound appeared headed for the once-unthinkable: parity with the U.S. dollar. Sterling [dropped to $1.035](https://www.wsj.com/livecoverage/stock-market-news-today-09-26-2022/card/british-pound-hits-record-low-against-dollar-0pg0WCi1CfllbNlnn9ra)—its lowest level ever—in the early hours of Sept.
It may take a few months until the BoE starts lowering rates again, according to a new report.
The British pound has fallen significantly during the trading session on Tuesday, as we continue to see the pound get eviscerated.
The British pound has fallen a bit during the trading session on Tuesday, as it looks like we’re going to head down to the ¥180 level at this point.
China's Evergrande Group said it will be unable to issue new debt due to an ongoing government investigation into its Hengda Real Estate Group unit.
Vehicle scams surged by 74% in the first half of 2023, according to new research.
Wall Street was mixed as Hollywood writers reached a tentative deal to end a strike action.
The British Pound (GBP) concluded last week on a downbeat note due to a significant contraction in the U.K.'s service sector, which accounts for over 70% of the country's GDP, according to recent surveys. The downturn has heightened recession fears and led to speculations that the Bank of England (BoE) may have ended its cycle of interest rate increases.
The British pound continues to see negativity at this point, and therefore it looks as if we are ready to break down toward the 1.20 level given enough time.
The British Pound continues to see a lot of downward pressure, even against the lowly yen.
UK mortgage lenders announce further cuts to deals, following interest rate freeze.
The Pound (GBP) experienced further losses on Friday, rounding off a challenging week marked by a deepening contraction in the U.K.'s service sector activity, according to the latest survey. This development has intensified recession fears and fueled expectations that the Bank of England (BoE) has concluded its interest rate hikes.
The British pound has fallen rather significantly during the course of the trading week, as the ¥180 level underneath looks offer support.
The British pound has rallied a bit during the trading session on Friday but gave back quite a bit of the gain as we continue to see a lot of British pound weakness.