Pound Sterling tumbles as decline in UK Retail Sales sets stage for BoE rate cuts The Pound Sterling (GBP) falls sharply against its major peers on Friday as the United Kingdom (UK) Office for National Statistics (ONS) reported that Retail Sales surprisingly contracted in December, another data that adds to the weak economic outlook. The […]
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 […]
Pound Sterling extends losing spell as UK yields soar further The Pound Sterling (GBP) extends its losing streak against its major peers at the start of the week. The British currency continues to face selling pressure as soaring yields on United Kingdom (UK) 30-year gilts deepen concerns over the nation’s economic outlook. Read More… GBP/USD Price […]
Pound Sterling plummets on surprisingly upbeat US job demand The Pound Sterling (GBP) plunges to near 1.2200 against the US Dollar (USD) in Friday’s New York session, the lowest level in 14 months. The GBP/USD pair faces intense selling pressure as the US Dollar rallies after the release of the United States (US) Nonfarm Payrolls (NFP) data, which showed that labor demand surprisingly remained […]
The UK House of Commons said on Thursday that a minister from Britain’s Treasury Department has been summoned to parliament to respond to an urgent question about “the growing pressure of borrowing costs on the public finances”, per Reuters. UK gilt yields FAQs UK Gilt Yields measure the annual return an investor can expect […]
GBP/USD has retreated into the descending channel pattern, signaling a dominant bearish bias. The pair could test the nine-month low at 1.2321, recorded on Wednesday. The immediate resistance appears at the descending channel’s upper boundary, near the nine-day EMA at 1.2449. The GBP/USD pair remains under pressure for the third consecutive session, hovering near 1.2360 […]
GBP/USD rises toward 1.2550 as US Dollar continues to correct downwards GBP/USD continues to rise for the third consecutive day, trading near 1.2530 during Tuesday’s Asian session. The pair’s upward momentum is driven by a subdued US Dollar (USD). Later in the day, the US ISM Services Purchasing Managers Index (PMI) is set to be […]
GBP/USD swings amid US tariff speculation, Trump comments The Pound Sterling begins the week on the front foot against the US Dollar after news emerged that US President-elect Trump’s aides are considering tariffs on “certain sectors,” according to the Washington Post. Nevertheless, recent news headlines suggested that Trump backpedaled, saying the Washington Post story was wrong. The GBP/USD […]
GBP/USD found a thin recovery on Friday, gaining roughly four-tenths of one percent and ending the first trading week of 2025 back above the 1.2400 handle. UK macroeconomic and consumer credit data broadly missed the mark early on Friday, but the low-tier figures barely registered on the needle. On the US side, US business activity […]
GBP/USD climbed back above the 1.2400 handle on Friday. Markets pivoted into a cautiously risk-on stance to end the week. UK data broadly missed the mark on Friday, US PMI figures beat the street. GBP/USD found a thin recovery on Friday, gaining roughly four-tenths of one percent and ending the first trading week of 2025 […]
The Pound Sterling trades weakly against its major peers as analysts at Goldman Sachs expect the BoE to deliver four interest rate cuts this year. The US Dollar trades close to a fresh two-year high as the Fed is expected to reduce interest rates less than previously anticipated this year. Investors await an array of […]
GBP/USD Price Forecast: Tests nine-day EMA above descending channel near 1.2550 GBP/USD retraces its recent losses, trading around 1.2550 during the European hours on Tuesday. The daily chart analysis suggests a weakening bearish bias as the pair is positioned above the upper boundary of the descending channel pattern. Read More… GBP/USD holds gains near 1.2550, driven […]
