The Pound Finds A Level

January 20, 2025
The Pound Finds A Level

The last couple of weeks have been hard work for the Pound.

Following the increased rate of borrowing for the UK Government, GBP has been out of favour.

However early trading today indicates that exchange rates may have stabilised for now.

With the inauguration of Donald Trump today, and with it being a bank holiday in the US we're not expecting fireworks for GBP/USD.

The next 24 hours for GBP/EUR could be another matter though as the UK unemployment rate is reported at breakfast time tomorrow.

Analysts are expecting an uptick in unemployment to 4.4%.

Business news covers the inauguration where sweeping changes are expected in the US when Donald Trump gets sworn in at 5pm UK time.

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Economic calendar

UK: Tuesday 07:00 Unemployment Rate

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