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 […]
Investors are gearing up for a busy week ahead with the focus primarily on the US labor market and Fed Chair Powell. The global financial markets are hoping for a 25-basis point rate hike in March while the hawks are pushing for a 50-basis point move. Market Outlook for the Dollar ets are hoping for […]
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 […]
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 […]
GBP/USD Long-Term Analysis: BullishThe GBP/USD pair is in an uptrend as the Pound rises to market highs. Following a recent retracement, the Pound has retraced below the moving average lines. As the pair is trapped between the moving average lines, the retracement has subsided. As long as the Pound trades between the moving average lines, […]
The British pound (GBP) is expected to conclude the week under significant pressure against the US dollar (USD) after weak economic statistics on Friday stoked concerns about a possible national economic recession. Base rates reached peaks not seen since 2008 (3.5%) on Thursday as a result of the Bank of England’s (BoE) 0.5% percentage point […]
The British pound (GBP) dropped against the US dollar (USD) and the euro (EUR) on Thursday after the Royal Institution of Chartered Surveyors reported that Britain had the largest house price declines since the beginning of the COVID-19 pandemic in November. According to the survey, sales and demand from consumers both declined as a result […]
The early burst of investor excitement over the potential loosening of COVID restrictions in China has dissipated, and the pound (GBP) fell on Monday even though sterling was still within striking distance of five-month highs versus the dollar (USD). After China prepared to announce yet another batch of steps to loosen limits on activity, which […]
Monday saw a decline in the pound (GBP) versus a rising dollar (USD) as mounting COVID-19 cases in China, the world’s second-largest economy, prompted further restrictions. As China deals with rising COVID cases, the risk-sensitive sterling was down 0.6% at 1.1816 and on pace for its biggest daily loss versus the US dollar in two […]
