The GBP/USD has been on a wild ride this week, with market sentiment and the dollar dominating its movements. It’s been a tough week for the pound, with a lack of concrete data on the economic docket to give it any real direction. Instead, it has had to rely on overall market sentiment to guide […]
The modest climb seen in the UK pound this Wednesday morning reflects a sense of cautious optimism among investors as they await three significant economic drivers that could shape the currency’s trajectory. US CPI Report: The Main Event The US Consumer Price Index (CPI) report has taken center stage and dominated global market headlines. Analysts […]
GBP/USD has continued to make its way up the charts as the US Dollar takes a tumble and market sentiment improves. We received some great news just as we were starting to feel pretty good about the situation: major US banks like CitiBank and JPMorgan have agreed to provide a whopping $30 billion aid package […]
The GBP/USD pair has been heavily impacted by the recent events in the FX markets. As the US economy and Federal Reserve guidance continue to drive currency movements, the pound has struggled to keep pace with the strong USD rally of last week. However, recent comments from Fed Chair Jerome Powell have offered some relief […]
Following an unexpectedly positive jobs report from the United States, which fueled expectations that the Federal Reserve (Fed) would hike rates above Wednesday’s 25 basis point (bps) threshold, the GBP/USD pair took an unexpected bearish turn, and the British pound plunged and widens its losses on Friday (bps). The GBP/USD currency pair is currently trading […]
On Thursday, the British pound bulls still have the six-month highs reached in December against the US dollar firmly in their sights, but a London morning with nothing in the way of domestic economic data may be dampening their desire to attempt it again soon. The idea that interest rates in the UK still […]
On Friday, the British pound (GBP) strengthened against the US dollar (USD) as a result of more moderate inflation figures from the world’s largest economy and some unexpected domestic growth. In December, US price increases slowed for a sixth consecutive month, according to official statistics released on Thursday. Since the majority of interest rate increases […]
With the European Central Bank (ECB) resuming operations yesterday, the euro (EUR) extended its gains against the British pound (GBP) from yesterday. One of the more outspoken officials, Isabel Schnabel, bolstered the hawkish narrative, while the ECB’s Villeroy stated that future interest rate increases are required for his remarks today. Money markets are currently pricing […]
Better-than-expected home prices originally caused the British pound to react favorably, but markets rapidly turned against the currency as investors realized that the UK housing industry is slowing down both YoY and MoM. Due to reduced demand from the UK public, higher interest rates have unavoidably been pulling down property prices. The pound’s gains in […]
