Gbp news latest

Here are the latest news updates on the British Pound (GBP):

Current Exchange Rate:

Recent News:

  1. UK GDP Growth Slows Down: The UK's gross domestic product (GDP) grew by 0.1% in the three months to January, slower than expected, according to the Office for National Statistics (ONS). This has raised concerns about the impact of Brexit on the economy. (Source: BBC News)
  2. BoE Keeps Interest Rates Unchanged: The Bank of England (BoE) has kept its interest rates unchanged at 0.5% for the 14th consecutive month, citing uncertainty surrounding Brexit and the global economy. (Source: The Guardian)
  3. UK Services Sector Contracts: The UK's services sector, which accounts for around 80% of the country's economy, contracted in February for the first time in over two years, according to a survey by IHS Markit. (Source: Financial Times)
  4. Brexit Talks Hit Snag: The UK and EU have hit a snag in their Brexit talks, with the UK refusing to accept the EU's proposal for a customs union, according to reports. (Source: The Telegraph)
  5. GBP Weakens Against USD: The GBP has weakened against the USD in recent days, falling to a one-month low, amid concerns about the impact of Brexit on the economy and the global economy. (Source: Reuters)

Market Analysis:

The GBP has been under pressure in recent weeks, driven by concerns about the impact of Brexit on the economy and the global economy. The currency has also been affected by the BoE's decision to keep interest rates unchanged, which has led to a decrease in investor appetite for the GBP.

In the short term, the GBP is likely to remain volatile, with market participants closely watching the Brexit talks and the global economy for any signs of improvement. In the long term, the GBP's performance will depend on the outcome of the Brexit negotiations and the UK's economic growth prospects.

Forecasts:

Please note that these forecasts are subject to change and should not be taken as investment advice.