Big banks are turning more pessimistic on the pound before the UK unveils its fiscal plan for the coming year, saying the risk of spending cuts and weaker economic growth forecasts dampens the currency’s appeal.

Sterling weakened slightly on Wednesday after data showed British inflation slowed to an annual rate of 2.8% in February from 3.0% in January, also slightly below market expectations.

Gold hits yet another record high as oil climbs to almost $71 a barrel.

The Pound US Dollar (GBP/USD) exchange rate was largely flat on Monday despite the publication of some below forecast US retail sales data.

The Canadian dollar strengthened against its U.S. counterpart on Friday as equity markets rebounded and Mark Carney was sworn in as the country’s prime minister, with the currency notching its second straight weekly gain.

Sterling lost some ground against the dollar on Friday after data showed British economic output contracted unexpectedly in January compared with December.

The British pound fell slightly against a firmer dollar on Thursday but remained close to four-month highs, bolstered by the UK’s relatively measured approach to U.S. trade ructions.

The British pound further eased against the euro and hovered at one-and-a-half month lows on Monday following its biggest weekly loss in over two years versus the shared currency, though it steadied against the U.S. dollar.

The Pound Euro (GBP/EUR) exchange rate edged lower on Thursday following the European Central Bank (ECB)’s latest interest rate decision.

Sterling edged down versus the euro and was unchanged against the dollar as investors awaited economic data on both sides of the Atlantic and a speech from Bank of England Governor Andrew Bailey later in the day.

SHIBA Inu coins are another currency found in the current crypto market ? introduced as an alternative or rival to Dogecoin. Currently the price of the cryptocurrency is £0.0000063 as the coi?

The financial watchdog has ruled that Binance cannot conduct any regulated activity in the UK.

The Bank of England?s consultation on public digital cash could represent the biggest shift in the monetary system for 200 years, says Josh Ryan-Collins of University College London

BITCOIN should not be accepted as an official form of currency in the UK, according to a recent Express.co.uk poll.

Digital cash could be programmed to ensure it is only spent on essentials, or goods which an employer or Government deems to be sensible