The Pound Sterling recovers on Friday, up by 0.60% as the Greenback makes a U-turn erasing Thursday’s losses amid a risk-on mood. At the time of writing, the GBP/USD trades at 1.3604 yet poised to finish the week with a 0.56% loss.
GBP/USD suffered a double whammy, tumbling by 0.8% to 1.3550 overnight. The market significantly increased bets that the Bank of England would cut the bank rate by 25 bps at the next March meeting.
In its earnings report on Thursday, Bitcoin treasury and financial intelligence firm Strategy said it recorded a $12.6 billion net loss attributable to common shareholders in the fourth quarter of 2025, a stark contrast with a net loss of $670.8 million in the same period in 2024.