EUR/GBP (euro/British pound sterling)

By Geoffrey Smith

Yahoo Finance's Jared Blikre breaks down the latest stock and bond market action, plus the latest news surrounding GameStop stock.

Sterling fell 1.1% against the greenback after Britain's economy shrank in April as the cost of living crisis bites.

The decline comes on the back of 40-year high inflation, with price pressures likely to put more strain on a contracting UK economy.

Newcomers must learn the unique language and dynamics of the forex market to beat the odds and become successful currency traders. What is the forex market? Why is it a great market to trade? What is a currency pair and how it is read? What are the major terms and concepts that forex traders need to learn?

The common currency fell as low as $1.0964, down 0.9%, against the dollar – its weakest level since May 2020.

An equestrian facility in California and a mansion in New York are on Brits' wish list.

Sterling touched lows of $1.3325 as the US central bank hinted at wrapping up its stimulus programme, and raising interest rates, earlier than anticipated to counteract rising inflation.

European stocks ticked up on Friday morning even as data showed UK economic growth slowed in July.

By Samuel Indyk