

others
EUR/GBP posts modest gain above 0.8600 ahead of German inflation data – Crypto News
- EUR/GBP trades in positive territory around 0.8625 in Thursday’s early European session.
- EU hopes to agree to a US tariff deal ‘in coming days.’
- The UK monthly GDP report will be published on Friday.
The EUR/GBP cross trades with mild gains near 0.8625 during the early European session on Thursday. Optimism around the United States (US)-European Union (EU) deal underpins the Euro (EUR). The German June inflation data will be released later on Thursday. On Friday, the attention will shift to the UK Gross Domestic Product (GDP) report.
The EU said that it hopes to agree to a US tariff deal “in the coming days” that would avoid import taxes Trump has threatened on its goods. Additionally, optimism that the White House will not target the bloc with additional tariffs and that it could secure some exceptions to the baseline rate of 10% might provide some support to the shared currency.
Trump said on Tuesday that the EU will “probably” receive a letter setting its new US tariff rate on Thursday, as the bloc had shifted from being “very tough” to “very nice.”
The Bank of England (BoE) Governor Andrew Bailey said earlier this month that “the path of interest rates will continue to be gradually downwards,” as the UK central bank juggles taming inflation and stoking elusive economic growth. Analysts expect the BoE to cut rates by 25 basis points (bps) at their next policy meeting in August, which would bring the interest rate to 4.0% from 4.25%.
The UK GDP report for May will be closely watched, which is expected to grow by 0.1% MoM in May from a contraction of 0.3% in the previous reading. In case of a stronger-than-expected outcome, this could reduce the chance of a BoE rate reduction, supporting the GBP.
Pound Sterling FAQs
The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data.
Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE).
The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates.
When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money.
When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects.
Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP.
A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall.
Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period.
If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
-
Blockchain1 week ago
Institutional Demand Surges As Ethereum Sets New Inflow Records – Crypto News
-
Blockchain1 week ago
The XRP Euphoria Phase: Why August–October 2025 Could Be Explosive – Crypto News
-
Blockchain1 week ago
DeFi Development Nears 1 Million Solana In Treasury – Crypto News
-
Technology1 week ago
Bitwise Crypto Index Fund Holding BTC, ETH, XRP To Convert Into ETF – Crypto News
-
Cryptocurrency1 week ago
XRP Price Hits All-Time High at $3.66 — Can It Smash Through $4 After Trump Win & SEC Shake-Up? – Crypto News
-
Business1 week ago
Vitalik Buterin Approves Gas Limit Hike, Warns Against Risky Ethereum Scaling – Crypto News
-
Blockchain1 week ago
Strategy to keep STRC Fund Pegged to $100 – Crypto News
-
Technology1 week ago
Grab up to 43% off on best selling premium laptops from Apple, Asus and more – Crypto News
-
others1 week ago
Ex‑FSL Leader Launches TrendsDotFun to Tokenize Social Media Posts – Crypto News
-
others1 week ago
EUR/CHF rises on speculation of SNB intervention, but EU–US trade risks cap gains – Crypto News
-
Blockchain1 week ago
To The Moon? Justin Sun To Be Launched Into Space After $28M Bid – Crypto News
-
De-fi1 week ago
Galaxy Digital Claims Futarchy Model Can Give DAOs ‘Stronger Chance of Success’ – Crypto News
-
Blockchain1 week ago
Crypto Needs Minimum Viable Decentralization – Crypto News
-
Business1 week ago
Expert Predicts XRP Price to Hit $45 as XRP Ledger Activity Soars and SWIFT Volume Declines – Crypto News
-
Blockchain1 week ago
How to Use Google Gemini to Turn Crypto News Into Trade Signals – Crypto News
-
others1 week ago
Gold extends gains as trade uncertainty weighs on the US Dollar – Crypto News
-
Cryptocurrency1 week ago
Ethereum Shatters Inflow Records, Pulls in $2.12 Billion in a Week – Crypto News
-
Cryptocurrency1 week ago
Solana Clinches 5-Month High, Where to From Here? – Crypto News
-
Cryptocurrency5 days ago
ETH to Lead BTC Over Next 6 Months, Says Galaxy CEO – Crypto News
-
others1 week ago
Breaking: Polymarket Reenters US Market With Exchange Acquisition As Probe Ends – Crypto News
-
others1 week ago
Venture Capital Firms Launch $360,000,000 Crypto Treasury Company Focused on Arthur Hayes-Backed Ethena (ENA) – Crypto News
-
Technology1 week ago
BitOrigin Begins $500M Dogecoin Treasury With 40.5M Buy, Analysts Predict Fresh Bull Cycle – Crypto News
-
Blockchain1 week ago
XRP Could Skyrocket 500% Against Bitcoin, Analyst Warns – Crypto News
-
Technology1 week ago
Alibaba launches its ‘most advanced’ open-source AI model Qwen3-Coder — All you need to know – Crypto News
-
Technology5 days ago
Why is Shiba Inu Price Up Today? – Crypto News
-
Technology1 week ago
“Bitcoin Will Bust Too”- Robert Kiyosaki Warns of Incoming Crash Across All Assets – Crypto News
-
Technology1 week ago
Apple’s next iPad Pro may get two selfie cameras, M5 chip under the hood: Report – Crypto News
-
Cryptocurrency1 week ago
‘Rich Dad Poor Dad’ Author Warns of Bitcoin Crash – Crypto News
-
others1 week ago
Gold trades in a range as US data and Fed rate expectations clash – Crypto News
-
Technology1 week ago
Galaxy Watch 8 and Watch 8 Classic go on sale in India: Check price, variants and offers – Crypto News
-
Blockchain1 week ago
Bitcoin Reserves On Exchanges Hit Highest Level Since June 25 – Crypto News
-
others1 week ago
US Dollar under pressure amid tariff risks, Fed uncertainty – Crypto News
-
others1 week ago
US Dollar Index (DXY) consolidates losses below 97.50 amid renewed tariff concerns – Crypto News
-
Technology1 week ago
Breaking: $549 Billion PNC Bank Partners Coinbase to Offer Crypto Services – Crypto News
-
Cryptocurrency1 week ago
Massive Polkadot (DOT) Rally Ahead? Here’s What’s Driving It – Crypto News
-
others5 days ago
Arthur Hayes-Backed Altcoin Outpaces Crypto Market Amid Launch of New Partnership With Anchorage Digital – Crypto News
-
Blockchain3 days ago
Tether Gold (XAUt) Market Cap Soars as Gold Hits Record Highs in 2025 – Crypto News
-
Technology1 week ago
Consensys and Linea Introduce New DEX Etherex, Launch on July 28 – Crypto News
-
Business1 week ago
$3.5 Billion Mercury Fintech Secures $200M for Solana Treasury – Crypto News
-
Technology1 week ago
Coinbase Launches CFTC-Regulated Perpetual Futures in the U.S. – Crypto News
-
Cryptocurrency1 week ago
Ethereum price rises towards $3,900 as it mirrors a historic stock market rally – Crypto News
-
Business1 week ago
Ethereum Is Not A Security, SEC Chair Paul Atkins Confirms – Crypto News
-
others1 week ago
Peter Schiff Advises Selling Ethereum for Bitcoin as ETH Hits Six-Month High – Crypto News
-
Business1 week ago
Breaking: Strategy Announces $500 Million STRC IPO To Buy More Bitcoin – Crypto News
-
Technology1 week ago
Jerome Powell Criminally Referred To DOJ Amid Push For Fed Rate Cut – Crypto News
-
Cryptocurrency1 week ago
Should token holders demand all the revenue? – Crypto News
-
De-fi1 week ago
DRIFT Surges 30% after Protocol Sees Record Perp Volumes over $1B – Crypto News
-
Cryptocurrency1 week ago
Ethereum price forecast as ETH dominance jumps to 11.5% – Crypto News
-
De-fi1 week ago
Crypto Markets Wobble as Fed Chair Powell Faces Pressure – Crypto News
-
De-fi1 week ago
Crypto Markets Wobble as Fed Chair Powell Faces Pressure – Crypto News