As widely anticipated, the European Central Bank (ECB) reduced its policy rates by 25 bps, taking the Deposit Facility Rate to 2.75% at its event on Thursday. EUR/USD maintained its bearish trend ...

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When sterling weakens against the US dollar, the relative purchasing power of GBP diminishes. Since gold is priced internationally in US dollars, a depreciating pound increases the cost of gold in ...

In the UK, the all-time high for gold in GBP can be attributed to several key factors: Sterling weakness: The pound has faced headwinds due to persistent inflation, concerns over the UK's economic ...

The pound was flat against the euro (GBPEUR=X) on Monday morning, trading at €1.1879. Gold prices retreated on Monday morning, coming under pressure as the dollar strengthened. The spot price was down ...

"Another way of playing over-pessimism in the UK is to go long GBP/USD, which is also oversold based on its collapsed 65-day complexity," he said. Sterling was higher against the euro (GBPEUR=X), up ...

"Another way of playing over-pessimism in the UK is to go long GBP/USD, which is also oversold ... the euro (GBPEUR=X), up by 0.1% to €1.1831. Gold prices were muted on Thursday, hovering ...