While it’s unlikely the time frame of your FX charts or analysis spans ... The positive UK-US carry trade (due to low interest rates imposed by the Federal Reserve in mid-70s) also supported ...

The Bank of England has held interest rates at 4.75% in December - following two falls in 2024. Interest rates affect the mortgage, credit card and savings rates for millions of people across the UK.

Bank of England cuts interest rates to 4.5% but UK growth downgraded - Bank MPC votes to cut borrowing costs but also slashes ...