Singapore Foreign Reserves (MoM): 392.2B (October) vs previous 393.1B

Nov 7, 2025

Pound Sterling faces pressure amid BoE concerns over UK near-term demand outlook

The Pound Sterling (GBP) trades lower against its major currency peers on Friday, except second-level safe-haven currencies. The British currency has come under pressure after the Bank of England (BoE) decided to hold interest rates steady at 4%, with a narrow majority vote of 5-4.

US Dollar Index (DXY) picks up on risk-aversion nearing the 100.00 level

The US Dollar trims losses on Friday with investors wary of risk following another sell-off on Wall Street, as concerns of an AI bubble remain alive.