GBP/USD Rises, Sticky UK Inflation Says BoE Has More To Do

GBP/USD Price, Chart, and Analysis GBP/USD rose and stayed up after the latest official UK consumer price numbers Headline CPI is decelerating but remains hugely above target The prospect of higher rates next month remains Recommended by David Cottle How to Trade GBP/USD The British Pound rose against the United States Dollar on Wednesday as

GBP unlikely to see notable gains following CPI release – MUFG

Share: The ONS has just released the July CPI data. Economists at MUFG Bank do not expect the British Pound (GBP) to enjoy substantial gains following inflation figures. Inflation surprises modestly to the upside  The drop overall in inflation was a little less than expected. The core CPI rate remained unchanged at 6.9%

Pound Sterling remains well-supported amid robust GDP growth

Share: Pound Sterling faces selling pressure despite the UK economy turning out more resilient in June than expected. Upbeat United Kingdom factory data showcase optimism among producers in spite of a highly-inflated price environment. Monthly Industrial and Manufacturing Production data grew by 1.8% and 2.4% in June, respectively. The Pound Sterling (GBP) seems to be

0.8600 should continue to be the gravity level for now – ING

Share: Economists at ING do not expect the EUR/GBP pair to break out of recent ranges. Unusually stable BoE rate expectations The lack of domestic events in the UK has helped an unusual period of very stable BoE rate expectations: markets appear rather anchored to the prospect of a peak rate around 5.70-5.75%

Dollar gains on strong jobs data; Sterling awaits BOE meeting By Investing.com

© Reuters. Investing.com – The U.S. dollar rose in early European trade Thursday, continuing the previous session’s positive tone as strong private payrolls data overshadowed Fitch’s downgrade of its U.S. sovereign rating. At 03:10 ET (07:10 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 102.602,

GBP/USD and EUR/GBP After BoE Hike

GBP/USD and EUR/GBP Analysis and Charts GBP/USD is down one cent over the week in thin trade. EUR/GBP remains rangebound. Recommended by Nick Cawley How to Trade GBP/USD UK Breaking News: BoE Hikes by 25bps to 15-Year High The Bank of England raised interest rates by 25 basis points on Thursday, in line with market