DKK/GBP Exchange rate
Editors’ Picks
GBP/USD retreats below 1.3000 after UK jobs data, eyes on BoE
GBP/USD retreats below 1.3000 in the European morning following the UK jobs data, which showed that the ILO Unemployment Rate held steady at 4.4% in the three months to January. Investors await the Bank of England's monetary policy announcements.
EUR/USD remains pressured below 1.0900 after Lagarde's speech
EUR/USD remains under pressure below 1.0900 in European trading on Thursday. The pair is dragged down by a decent US Dollar rebound as the market mood remains cautious ahead of the mid-tier US data releases. ECB President Lagarde's comments failed to lift the Euro.
Gold price trades with negative bias below all-time peak amid modest USD strength
Gold price retreats slightly after touching a fresh all-time high on Thursday and for now, seems to have snapped a three-day winning streak. Slightly overbought conditions on the daily chart prompt bulls to take some profits off the table amid a positive risk tone, which tends to undermine the safe-haven precious metal.
BoE expected to hold interest rate at 4.50% amid stubborn inflation and weak economic outlook
The Bank of England is set to reveal its monetary policy decision on Thursday, marking the second meeting of 2025. Expectations are high among market watchers that the central bank will keep its benchmark rate at 4.50%, following a 25 basis point reduction in the previous month.
Tariff wars are stories that usually end badly
In a 1933 article on national self-sufficiency1, British economist John Maynard Keynes advised “those who seek to disembarrass a country from its entanglements” to be “very slow and wary” and illustrated his point with the following image: “It should not be a matter of tearing up roots but of slowly training a plant to grow in a different direction”.