It's the last update this year and what a year it has been, I hope you agree on a positive note!

GBP has softened over the past 24 hours against major currency peers, seeing GBP/USD drop below 1.27 and GBP/EUR fight to stay at the 1.16 level. UK inflation is due out tomorrow morning, with expectations suggesting a minor drop in figures from 4.6% to 4.4% for November.

In a surprising turn of events, the UK economy shrank by 0.3% in October, causing the value of the British pound to decrease. Economists had predicted a steady or slight growth of 0.1% for the month.

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Exploring the fusion of traditional assets with Decentralized Finance (DeFi), this article delves into how blending classic investment avenues with blockchain innovations reshapes the financial landscape, offering unprecedented opportunities and challenges in the evolving world of finance.

This week is pretty huge on the data and announcement front- with plenty going on in the market since the strong NFP data on Friday which supported the Dollar against the Euro and Sterling into the close.

Sterling hovered around its highest levels in almost three months against the euro today, as markets raised their bets on rate cuts by the European Central Bank, which widened their divergence with the Bank of England.

Last week’s data releases provided strength for the Pound after a pretty downbeat month or so on the market- showing that UK PMI numbers were back over the 50 area, which means that the UK economy is no longer contracting- we may not see massive growth over the next year, however, a stagnating economy is much better than one in recession- which looks more likely for the Eurozone currently.