The Pound Sterling rises to a fresh monthly high near 1.3000 against the US Dollar ahead of key economic data for both the UK and the US. Fed Chairman Powell may signal in Jackson Hole whether the central bank will cut interest rates by 25 or 50 basis points (bps) in September. BoE’s Governor Bailey […]
Bank of England (BoE) Governor Andrew Bailey explains the decision to lower the policy rate by 25 basis points to 5% in August and responds to questions from the press. This section below was published at 11:00 GMT to cover the Bank of England’s policy decisions and the initial market reaction. The Bank of England […]
The Pound Sterling declines to near 1.2825 against the US Dollar ahead of the Fed, BoE policy decisions outcome. Firm speculation for BoE rate cuts on Wednesday has weighed heavily on the Pound Sterling. The US Dollar slumps as the Fed is expected to deliver a dovish guidance on interest rates. The Pound Sterling (GBP) […]
The Pound Sterling recovers as investors expect the BoE to cut interest rates on Thursday. A few BoE policymakers may hesitate to vote for a dovish decision due to high inflation in the UK service sector. The Fed is widely anticipated to maintain the status quo. The Pound Sterling (GBP) posts a fresh two-week low near 1.2810 […]
EUR/GBP rose back into familiar highs near 0.8430 on Thursday. Market action is giving the Euro a leg up against the Pound Sterling. Investors are adding into BoE rate cut bets, softening the GBP. EUR/GBP is back into a near-term high around 0.8430 as markets firm up bets of a Bank of England (BoE) rate […]
The Pound Sterling retreats against the US Dollar ahead of a US data-packed week. Growing speculation for Trump’s victory has improved the US Dollar’s appeal. A sharp decline in UK Retail Sales has boosted BoE rate-cut hopes. The Pound Sterling (GBP) fails to extend a slight recovery above the immediate resistance of 1.2930 against the […]
The Pound Sterling further corrects against the US Dollar after the release of weaker-than-expected UK Retail Sales data for June. Doubts over the BoE to begin reducing interest rates in August remain afloat. The uncertainty over the US Presidential elections improves the safe-haven appeal of the US Dollar. The Pound Sterling (GBP) extends its correction against […]
The Pound Sterling performs strongly against the US Dollar and other currencies on faster UK GDP growth and a decline in BoE rate-cut prospects. The UK economy expanded at a faster pace of 0.4% in May, beating an estimate of 0.2%. Investors await the US inflation data for fresh guidance on the Fed’s interest rates […]
The Pound Sterling holds gains against the US Dollar with a focus on Fed Powell’s testimony. BoE’s Haskel argued in favor of holding interest rates steady at their current levels. This week, investors will pay close attention to the US CPI and UK factory data. The Pound Sterling (GBP) ranges above 1.2800 against the US […]
The Pound Sterling declines against the US Dollar as investors shift focus to the US core PCE inflation data for May. UK’s high wage inflation refrains BoE policymakers from committing to interest rate cuts. Uncertainty over the UK’s parliamentary elections will keep the Pound Sterling on tenterhooks. The Pound Sterling (GBP) weakens against the US Dollar (USD) […]
The Pound Sterling finds support near 1.2620 against the US Dollar. UK’s economic outlook appears to be uncertain ahead of UK elections. The BoE is expected to start lowering interest rates in August. The Pound Sterling (GBP) gains ground against the US Dollar (USD) and trades around 1.2650 in Monday’s London session after facing a […]
GBP/USD hit fresh lows on Friday as Cable extended declines. Upbeat US PMIs drive off risk appetite, bolster Greenback. GBP traders buckle down for a long wait to next Friday’s GDP. GBP/USD closed Friday at a fresh five-week low of 1.2622, marking the Cable’s third straight down week. The Bank of England’s (BoE) midweek rate […]
