the Pound Sterling remained under intense pressure. Rumours abounded that the Sterling was heading for devaluation and on the business front the UK’s inability to rapidly switch from a wartime ...

Is the British pound (£) being led to the edge of a financial cliff? Despite Labour’s reckless policies, sterling remains strong—but for how long? Explore the hidden risks behind the UK’s currency ...

Sterling dipped 1.1% to $1.2242 and €1. ... that this effect has not been strong in the years following the significant pound devaluation after the 2016 Brexit vote. Currencies fluctuate, of ...

“The Egyptian pound showed signs of increased volatility following the devaluation and in December 2016, it lost 52% of its value,” the report said. The rapid devaluation has resulted in ...

"We expect devaluation to take place in the first half of this year, in a one-off move to an exchange rate of 8.5 pounds against the dollar," said Tuvey. The timing of the move depends on how soon ...

GBP/USD trades at a fresh weekly high near 1.2500 on Thursday. Pound Sterling benefits from the upbeat Gross Domestic Product (GDP) data. The pair could encounter the next technical hurdle at 1.2530.