The British Pound fell for the second consecutive week against the US dollar as the greenback benefited from a hawkish Federal Reserve and upbeat US data. The GBP/USD pair traded below the 1.26 level for the first time since mid-June as investors priced in a sooner-than-expected rate hike by the Fed. US Data and Fed […]
The British Pound experienced a decline against the generally stronger United States Dollar on Friday as worrisome European economic data highlighted uncertainties in global growth and prompted cautious investors to flock towards the safe haven of the greenback. Despite the Bank of England’s unexpected half-percentage-point rate increase in the previous session, surpassing expectations, the British […]
In the latest economic report, the focus is on the UK Gross Domestic Product (GDP), which has brought the British pound back into the spotlight as the GBP/USD pair edges closer to retesting the critical 1.2800 resistance. Yesterday’s positive close was attributed to the UK GDP figures aligning with expectations across most metrics. However, concerns […]
The British pound is proving its mettle as it wraps up a positive week, flexing its muscles against a range of G7 currencies. With a bounce in its step, the cable surged approximately 2 cents higher, leaving onlookers impressed. Meanwhile, GBP/JPY has also seen a considerable boost of around 2.5 yen, while EUR/GBP has taken […]
In a week filled with financial excitement, the British pound took center stage, impressively climbing against a range of major currencies. The pound has shown its strength by surging over two big figures against the US dollar while also making significant strides of more than one big figure against the Euro and about one-and-a-half big […]
The British pound, after briefly gaining ground against the United States dollar, found itself in a precarious position once again. As investors carefully analyzed the latest commentary from the US Federal Reserve, the pound’s upward trajectory proved short-lived. Despite hopes that rate-setters would decisively address the possibility of higher interest rates, their inclination to assess […]
The latest release of UK inflation figures is eagerly anticipated, as it holds the key to the future strength of the British pound in the coming days and weeks. Market analysts are predicting a significant drop in headline price pressures for April, largely attributed to the winding down of elevated energy prices. If the forecast […]
Brace yourselves, folks, because the Bank of England (BoE) is gearing up for some action! In response to the unyielding and downright stubborn inflationary pressures plaguing the UK, the central bank is set to unleash a 25 basis point increase in the bank rate during their highly anticipated monetary policy meeting next Thursday. They’re donning […]
The British pound has been on a roll lately, thanks to a slew of positive economic data and a generally optimistic outlook for the UK economy. However, as we’ve seen in the past, nothing goes up forever, and the recent rally against the US dollar has hit a snag. The latest data on UK inflation […]
