Pound Sterling Price News & Forecast: GBP/USD advances as traders digest solid US jobless claims

British Pound climbs as UK inflation keeps BoE hike bets aliveThe Pound Sterling (GBP) advances on Thursday during the North American session, up 0.25% after US economic data showed that the labor market remains solid, despite a weaker Nonfarm Payrolls in July. The GBP/USD pair trades at 1.3639 after reaching a daily high of 1.3659, its highest level since February.The…

US Dollar Price Forecast: GBP Holds Above 1.36 As USD Stabilises

Pound Sterling held above 1.36 against the US Dollar as stronger UK inflation expectations limited downside even as the greenback found tentative support. The Pound remained close to recent highs on Thursday as the US Dollar attempted to stabilise following its sharp Treasury-driven decline. The Pound to Dollar (GBP/USD) exchange rate traded around 1.3631, up 0.23% on the day and…

Aurangzeb calls for diversifying foreign currency financing sources

Finance Minister Muhammad Aurangzeb has emphasized the importance of diversifying Pakistan’s sources of foreign currency financing and developing innovative financing mechanisms to support investment and productive economic activity. He was speaking at a ceremony in connection with the signing of a project agreement between the International Finance Corporation (IFC) and Bank Alfalah Limited (BAFL) for Pakistan’s first Diversified Payment Rights…

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