The British pound weakened in European trading on Tuesday against a basket of major currencies, retreating from a two-month high against the US dollar. This decline was attributed to some profit-taking and corrective selling, as well as investors' reluctance to establish new long positions ahead of key UK economic data releases.
The pound fell more than 0.1% against the dollar to $1.3362, from an opening price of $1.3377, after reaching a high of $1.3384.
-255*160.webp)
Take-profit orders are an important tool that helps traders exit a trade when a predetermined profit...
Read More
The International Energy Agency (IEA) expects global coal demand to decline by 2030, returning to th...
Read More-255*160.webp)
UK inflation slowed sharply in November, increasing the likelihood of an interest rate cut by the Ba...
Read More-255*160.webp)
Gold prices rose and silver hit a new record high as markets awaited US inflation data this week, fo...
Read More
