Tag Archives: British Pound Sterling

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for Aug 15, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

The S&P Global UK Composite PMI for July 2024 was adjusted upwards to 52.8 from the initial 52.7 estimate, indicating faster economic expansion compared to June’s 52.3. UK private sector growth was fueled by increased demand, particularly in exports, reaching levels unseen since April 2023. Employment growth hit a 13-month high, while backlogs of work […]

In its August meeting, the Bank of England reduced its Bank Rate by 25 basis points to 5%, aligning with the expectations of a narrow majority of market participants. The cut lowered the benchmark rate from its 16-year high, where it had remained for a full year. The Monetary Policy Committee (MPC) described the decision […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for AUG 2 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  H1 Chart Insights  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for July 23 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  H1 Chart Insights  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

The FTSE 100 closed 0.28% higher on Wednesday, driven by gains across multiple sectors. Oil majors, miners, utilities, and defensive stocks such as pharmaceutical companies and tobacco firms all contributed to the index’s positive performance.  Burberry emerged as the standout performer, leading the index with a rise of over 4%. This surge was attributed to […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for July 17, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for July 4 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-Hour Chart Insights  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for June 25, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  4-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

In May, the annual rate of inflation in the United Kingdom dropped to the 2% level that the central bank aims for, meeting the expectations of financial analysts. Additionally, the core inflation rate, which removes the volatile food and energy prices to give a clearer view of inflationary trends, decreased from 3.9% to 3.5%, aligning […]