The Pound Sterling rises to near 1.3450 amid risks of a likely US government shutdown. US Democrats want Republicans to undo cuts in the healthcare budget. BoE’s Ramsden argues in favor of interest rate cuts to support weakening job demand. The Pound Sterling (GBP) extends its upside to near 1.3450 against the US Dollar (USD) […]
During a speech at the Adam Smith Business School of the University of Glasgow, Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greenebroke away from “tradiitional” policy planning rhetoric, warning that global central banks need to pivot into a different perspective on managing supply shocks that have become the norm rather than the
GBP/USD sinks below 1.3500 as ‘King Dollar’ regains strength post-Fed The British Pound (GBP) is under heavy pressure from the ‘King Dollar’ on Friday, down 0.52% even though the docket in the US is absent, with just Federal Reserve (Fed) officials crossing the newswires. UK data, although positive, failed to underpin Sterling in Retail Sales.
GBP/USD consolidates near 1.3430 after rebounding from a one-month low on Wednesday. US Dollar Index steadies above 98.00 following mixed US labor market data. US private payrolls increased by 54K in August, below the 65K forecast and sharply lower than July’s revised 106K. The British Pound (GBP) is treading water against the US Dollar (USD)
GBP/USD rebounds from 1.3332 lows 1.3442 as US Dollar slips after Tuesday’s sharp rally above DXY 98.50. US JOLTS report shows July job openings fell sharply, highlighting tariffs’ drag on hiring and manufacturing weakness. UK Services PMI jumps to 54.2, easing fiscal worries, while BoE officials stress inflation risks and policy caution. The GBP/USD advances
GBP/USD Forecast: Pound Sterling tests key resistance, eyes on BoE GBP/USD holds its ground and trades above 1.3350 after posting strong gains on Wednesday. Investors stay on the sidelines while waiting for the Bank of England (BoE) to announce monetary policy decisions. The renewed selling pressure surrounding the US Dollar (USD) allowed GBP/USD to gather
GBP/USD edges higher despite soaring UK borrowing as Dollar slips further Pound Sterling trades stable while focus shifts to flash UK/US PMI data GBP/USD edges lower below 1.3500 as uncertainty deepens ahead of August 1 tariff deadline Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments
The United Kingdom’s annual CPI rose 3.6% in June vs. 3.4% forecast. British inflation advanced to 0.3% MoM in June vs. a 0.2% anticipated. GBP/USD keeps range near 1.3400 after UK CPI inflation data. The United Kingdom (UK) headline Consumer Price Index (CPI) advanced by 3.6% on the year in June after reporting a 3.4% growth in
GBP/USD remains below 1.3600 due to risk-off mood, UK fiscal concerns GBP/USD extends its losing streak, trading around 1.3580 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground amid increased risk aversion. On Tuesday, US President Donald Trump told reporters at a White House cabinet meeting to impose a 50%
GBP/USD caught a foothold on Monday, halting a near-term pivot into the low side. Fresh trade war rhetoric from the Trump administration has sparked fresh risk aversion in global markets. The July 9 tariff deadline has already been kicked down the road, but fresh tariffs now loom ahead. GBP/USD shed some weight on Monday, trimming
GBP/USD dips after UK Retail Sales slump, Dollar finds footing on trade jitters Pound Sterling trades higher even as UK Retail Sales decline sharply in May UK Retail Sales decline 2.7% MoM in May vs. -0.5% expected Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments
GBP/USD Forecast: Pound Sterling could extend correction if 1.3530 support fails GBP/USD stays on the back foot and trades near 1.3550 in the European session on Tuesday after posting small gains on Monday. The pair could extend its decline if the support level at 1.3530 fails. The improving risk mood made it difficult for the
GBP/USD climbs as US CPI miss fuels Fed rate cut bets GBP/USD holds above 1.3500 as USD loses strength after CPI Pound Sterling edges lower against US Dollar ahead of US inflation data Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page
Sterling still set for weekly gain over 0.80% amid broad Greenback weakness earlier in the week. US economy added 139K jobs in May, beating forecasts and reinforcing Fed’s cautious stance on rate cuts. Dollar strength resurfaces, with DXY climbing 0.58% to 99.28, its highest in two days. GBP/USD tumbled during the North American session, down
GBP/USD trades flat on Tuesday, holding within Monday’s range near 1.3520. BoE Governor Bailey sees rates moving lower but warns of increased uncertainty. A split within the MPC signals a cautious, data-driven rate path ahead. The British Pound (GBP) is trading flat against the US Dollar (USD) on Tuesday, edging slightly lower from its intraday
GBP/USD Weekly Outlook: Pound Sterling’s upside bias persists as traders brace for US NFP week The Pound Sterling (GBP) set out on a corrective downside against the US Dollar (USD) after the GBP/USD pair hit the highest level since February 2022, just shy of the 1.3600 mark. It was all about the US tariff headlines and the resultant USD
GBP/USD surges past 1.3500 to a three-year high on strong UK Retail Sales, weak US Dollar Pound Sterling advances as UK Retail Sales data beats estimates GBP/USD rebounds above 1.3450 toward 39-month highs, UK Retail Sales eyed Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and
