Have you ever wondered what the various nicknames of your favourite currency pairs are? If you’ve heard professional FX traders say the “Loonie is slipping” or the “Ninja is rallying” and you had no idea what they meant, then keep on reading. In this article, we will try and cover the most popular currency pairs…
On Thursday, the UK central bank will announce its interest rate decision and is expected to deliver another 25 bps rate hike, raising rates to 4.75%.
The GBP/USD pair has reached a fresh two-week high as there are signs that the Bank of England (BoE) will raise interest rates further.
The pound strengthened after the release of strong UK inflation data on Wednesday morning 7am (UK time).