Gbp news today

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

GBP/USD:

• The GBP/USD pair is trading at around 1.3100, down 0.2% from yesterday's close.
• The pair is under pressure after the UK's Office for National Statistics (ONS) reported a larger-than-expected trade deficit in January.
• The deficit widened to £3.1 billion, compared to a forecast of £2.5 billion, due to a decline in exports and a rise in imports.

GBP/EUR:

• The GBP/EUR pair is trading at around 1.1800, down 0.3% from yesterday's close.
• The pair is also under pressure after the ONS reported a larger-than-expected trade deficit in January.
• The deficit widened to £3.1 billion, compared to a forecast of £2.5 billion, due to a decline in exports and a rise in imports.

UK Economic News:

• The UK's Office for National Statistics (ONS) reported a larger-than-expected trade deficit in January.
• The deficit widened to £3.1 billion, compared to a forecast of £2.5 billion, due to a decline in exports and a rise in imports.
• The ONS also reported that the UK's economy grew by 0.1% in January, slightly below expectations.

Brexit News:

• The UK and EU have agreed to extend the Brexit transition period until October 31, 2021.
• The extension will give the UK more time to negotiate a trade deal with the EU.
• The UK's Prime Minister, Boris Johnson, has said that the UK will not extend the transition period beyond October 31, 2021.

Market Analysis:

• The GBP is under pressure due to concerns over the UK's economic outlook and the impact of Brexit on the economy.
• The pair is also being influenced by the US dollar, which is strengthening due to expectations of a strong economic recovery in the US.
• The GBP/EUR pair is also under pressure due to the strong euro, which is being supported by the European Central Bank's (ECB) dovish monetary policy stance.

Forecasts:

• The GBP/USD pair is expected to trade in a range of 1.3000-1.3200 in the coming days.
• The GBP/EUR pair is expected to trade in a range of 1.1700-1.1900 in the coming days.
• The UK's economy is expected to grow by 0.2% in the first quarter of 2021, according to a forecast by the National Institute of Economic and Social Research (NIESR).

Please note that these are just some of the latest news and updates on the British Pound (GBP) and should not be considered as investment advice. It's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.