Cocoa prices slipped on Thursday, dragged down by renewed strength in the U.S. Dollar and British Pound. The Dollar Index bounced off a five-week low, weighing on New York cocoa futures, while London cocoa faced selling pressure as the pound climbed to its strongest level in weeks. Because cocoa is priced in these currencies, a […]
The British Pound (GBP) is showing early gains as investors anticipate the UK budget announcement on Wednesday. With much of the negative sentiment already factored in, traders are cautiously optimistic about a possible short-term rebound. GBP Gains Modestly Against Major Currencies GBP/USD has edged up 0.1%, positioning the pound in the mid-range among G10 currencies. […]
Key Points: The British Pound (GBP) edges higher against the US Dollar (USD) after strong UK Retail Sales and encouraging S&P Global PMI figures. Softer U.S. inflation data strengthens expectations of further Federal Reserve rate cuts. U.S. President Trump remains optimistic about reaching a trade agreement with China. Pound Sterling Strengthens on Positive UK Economic […]
Pound Sterling is losing ground against major currencies after the UK’s Consumer Price Index (CPI) data for September showed inflation cooling more than expected. This unexpected slowdown has sparked intense selling of the Pound Sterling, especially against the US Dollar, as markets anticipate looser Bank of England (BoE) policies. Global factors, like a stronger US […]
The Pound Sterling (GBP) recovered slightly on Monday, snapping a three-day losing streak against the US Dollar (USD). The GBP/USD pair climbed back toward the 1.3500 level, supported by a softer US Dollar Index (DXY), which eased from a one-week high of 97.80. Fed Rate Cut Supports US Dollar Outlook Last week, the Federal Reserve […]
The Euro (EUR) is weakening against the British Pound (GBP) for a second day in a row. On Wednesday, the EUR/GBP exchange rate trades near 0.8643, recovering slightly after hitting its lowest point since late August. Markets remain cautious as traders wait for the European Central Bank’s (ECB) policy decision on Thursday, a key event […]
The Pound Sterling (GBP) found relief on Wednesday, bouncing back from a four-week low near 1.3330 against the U.S. Dollar (USD) during the European session. The GBP/USD pair climbed back toward 1.3400, supported by a temporary pause in the global bond sell-off and softer U.S. Dollar momentum. Key Market Drivers Sterling rebounds as 30-year UK […]
The Pound Sterling Fed rate cut expectations theme is driving the currency higher, with GBP/USD climbing toward 1.3565 in Wednesday’s European session. The British currency is outperforming major peers as traders anticipate fresh UK GDP data and increased speculation that the Federal Reserve will cut interest rates in September. At the same time, the US […]
Pound Sterling managed to regain some ground against the US Dollar during Thursday’s European trading session after the UK released a mixed batch of employment data. The GBP/USD pair rebounded slightly, trading near 1.3400 after slipping to an almost two-month low of 1.3370 earlier in the session. Despite weak labor market signals, the modest recovery […]
