The United Kingdom’s annual CPI rose % in April vs. 3.3% forecast. British inflation jumped to 1.2% MoM in April vs. a 1.1% anticipated. GBP/USD regains 1.3450 after UK CPI inflation data. The United Kingdom (UK) annual headline Consumer Price Index (CPI) jumped by 3.5% in April after recording a 2.6% growth in March, the data released […]
GBP/USD rises as US Dollar weakens in response to Moody’s decision to downgrade the US credit rating by one notch. A series of weak US economic indicators has strengthened expectations of further Federal Reserve rate cuts later this year. The Pound Sterling has strengthened, supported by UK GDP data released on Thursday that exceeded expectations.
GBP/USD contracts into near-term midrange ahead of key UK and US data GBP/USD slips modestly from weekly high as traders await UK GDP Pound Sterling outperforms US Dollar as US inflation cools down Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page
GBP/USD rallied on Tuesday, bolstered by headlines of an incoming US-UK trade agreement. Specific details remain limited, but GBP markets were buoyed by hopes to avert US tariffs. The Pound Sterling settled 0.4% higher against the Greenback after testing 1.3400. GBP/USD rose on Tuesday, climbing four-tenths of one percent on the day and testing the
GBP/USD slips below 1.34 as risk rally fades, US data disappoints The Pound Sterling depreciates against the US Dollar and falls after testing the year-to-date (YTD) high of 1.3443. However, it fails to remain above 1.34 as it extends its losses. At the time of writing, the GBP/USD trades at 1.3379, down 0.29%. Read More… Pound
GBP/USD weakens to around 1.3425 in Tuesday’s early Asian session. Improved optimism over trade tension supports the US dollar and creates a headwind for the pair. Traders brace for the BoE’s Dave Ramsden speech later on Tuesday. The GBP/USD pair attracts some sellers to near 1.3425 during the early Asian trading hours on Tuesday, pressured
GBP/USD slips despite strong UK Retail Sales as USD dominance prevails Pound Sterling gains on surprisingly positive UK Retail Sales data UK Retail Sales jump 0.4% MoM in March vs. -0.4% expected Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this
GBP/USD rebounds past 1.3300 as US-China tensions rattle US Dollar Pound Sterling recovers against US Dollar despite hopes on US-China trade deal GBP/USD Price Forecast: Bullish outlook remains in play above 1.3250 Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this
GBP/USD is pressured by upbeat US PMIs and growing confidence in the US Dollar amid trade de-escalation signals. Trump eases market jitters by confirming no intention to fire Powell, lifting risk appetite and USD. The Pound Sterling holds above key support at 1.3250; a break below could open the door to test 1.3152 (50-day SMA).
GBP/USD soars above 1.3400 as threat to Fed’s independence batters US Dollar The GBP/USD pair rallies to near 1.3400 during European trading hours on Monday, the highest level seen in seven months. The Cable strengthens as the US Dollar (USD) has been battered by the threat to the Federal Reserve’s (Fed) independence after United States
GBP/USD attracts some buyers to around 1.3350 in Monday’s early Asian session. The UK hopes to strike a deal with Trump after he imposed 10% tariffs on most imports of British goods to the US. Fed’s Powell said the US central bank remains in wait-and-see mode. The GBP/USD pair extends its upside to near 1.3350
The Pound Sterling outperforms most of its peers on upbeat UK employment data for three months ending February. Investors await the UK CPI data for March, which will be released on Wednesday. US President Trump will likely announce a temporary suspension of automobile tariffs. The Pound Sterling (GBP) advances against its major peers, except antipodeans,
GBP/USD rose another 0.75% on Monday, climbing for a week straight. The Sterling’s broad recovery against the Greenback is poised to run up against key UK data this week. UK labor figures are due on Tuesday, followed by UK CPI inflation data on Wednesday. GBP/USD rose three-quarters of one percent on Monday, climbing for a
GBP/USD rallies past 1.3000 as China escalates trade-war with US GBP/USD climbs above 1.3100 on persistent USD weakness UK GDP rebounds 0.5% MoM in February vs. 0.1% expected The UK economy expanded in February, with the Gross Domestic Product (GDP) rebounding 0.5% after recording no growth in January, the latest data published by the Office
GBP/USD edged higher after US President Donald Trump signaled a willingness to engage in trade negotiations. US Customs and Border Protection confirmed plans to start collecting country-specific tariffs from 86 trade partners. The British Pound found support from stronger as the 10-year gilt yield rose to around 4.61%. The GBP/USD pair advances for a second
Trump to announce new tariffs at 20:00 GMT; plan may include 20% duties on nearly all US trade partners. UK hopes for exemption amid balanced trade ties; GBP rallies on optimism and cautious risk-on mood. Strong ADP and Durable Goods data fail to lift USD ahead of key NFP and Powell speech later this week.
GBP/USD Weekly Outlook: Pound Sterling corrects amid geopolitical, economic concerns The Pound Sterling (GBP) corrected after topping near 1.3000 against the US Dollar (USD) mid-week. However, the GBP/USD pair holds at its highest level in four months. Over the weekend, the US launched large-scale airstrikes on Yemen, targeting the Iran-backed militant group Houthis. In response,
