The Pound Sterling declines to near 1.2920 against the US Dollar as the Fed is not in a rush to move to interest rate cuts. The Fed sees high uncertainty over the US economic outlook amid new policies from US President Trump. BoE Bailey is confident that interest rates are on a gradually declining path. […]
The Bank of England (BoE) kept its policy rate unchanged at 4.50% in its March meeting, as widely anticipated. However, the decision wasn’t unanimous — while eight policymakers backed the hold, just one (Swati Dhingra) pushed for a 25 basis point cut. BoE policy statement takeaways Policy statement keeps phrase: “A gradual and careful approach to
The Greenback managed to regain some balance and set aside three consecutive daily pullbacks after the Fed maintained its interest rates at its meeting, as widely anticipated. Here is what you need to know on Thursday, March 20: The US Dollar Index (DXY) regain some buying traction and bounced off the area of multi-month lows
GBP/USD trades with negative bias below mid-1.2900s, downside seems limited ahead of US CPI The GBP/USD pair edges lower during the Asian session on Wednesday and erodes a part of the previous day’s strong move up to over a four-month peak, around the 1.2965 area. Spot prices currently trade around the 1.2935 region, though the
The Pound Sterling rises to near 1.2650 against the US Dollar due to positive developments in the Russia-Ukraine peace truce. Fears of US President Trump’s tariffs on Canada, Mexico, and China loom large. The BoE is expected to follow a careful and gradual policy-easing approach. The Pound Sterling (GBP) trades higher against its major peers, except
Trump reiterates tariffs on Canada and Mexico, fueling trade concerns. UK retailers slash investment as consumer spending weakens. Markets expect BoE to hold rates at 4.50% in March, cut by Q2. The Pound Sterling (GBP) advanced early in the North American session, bouncing off a two-day low of 1.2605, as the Greenback weakened due to falling
Pound Sterling outperforms USD as Trump backs immediate rate cuts GBP/USD rises to near 1.2400 as Trump asks Fed for rate cuts GBP/USD churns near familiar levels ahead of Friday’s PMI data Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for
Fundamental Overview The USD has been marginally weaker recently due to lower than expected US inflation figures last week that sent Treasury yields lower and made the market to price in higher chances of a second rate cut by the end of the year. We’ve also got lots of whipsaws in the last couple of
GBP/USD falls to near 1.2300 as traders adopt caution ahead of Trump’s economic policies GBP/USD loses ground after registering more than 1% gains in the previous session, trading around 1.2300 during the Asian hours on Tuesday. The pair faced challenges as the US Dollar (USD) regained ground after recent losses in the previous session, supported
GBP/USD Weekly Outlook: US President Trump means fresh challenges for Pound Sterling The Pound Sterling (GBP) paused its downtrend against the US Dollar (USD), fuelling a tepid GBP/USD recovery from 14-month lows of 1.2100. This week, it was all about the inflation data from the United Kingdom (UK) and the United States (US). However, the
Pound Sterling tumbles as decline in UK Retail Sales sets stage for BoE rate cuts GBP/USD Price Forecast: Remains below 1.2250 barrier near nine-day EMA GBP/USD snaps two-day win streak, UK Retail Sales in the pipe Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments
The Pound Sterling drops as the UK GDP rose at a slower-than-expected pace, and factory activity contracted in November. Traders have raised BoE dovish bets for February’s policy meeting. Investors await the US weekly jobless claims and Retail Sales data for December on Thursday. The Pound Sterling faces selling pressure in Thursday’s North American session after the
The GBP/USD plunged below 1.2200 during the North American session following the release of US producer price inflation data, which hinted that prices dipped slightly but close to Wall Street’s estimates. Source link
