[ad_1] British Pound: GBP/USD Charts and Analysis US rate expectations now point to a 25bp rate cut in May and a total of 125bps in 2024. US GDP and inflation data will be the key drivers of short-term momentum. Recommended by Nick Cawley How to Trade GBP/USD For all market-moving economic data and events, see
[ad_1] US DOLLAR FORECAST – EUR/USD, GBP/USD, AUD/USD The U.S. dollar extends losses, sinking to its weakest point since early August Meanwhile, EUR/USD, GBP/USD and AUD/USD break out to the topside, clearing key price levels in the process This article focuses on the technical outlook for top forex pairs Trade Smarter – Sign up for
[ad_1] Share: GBP/USD Forecast: Bulls maintain the pressure, aim for 1.2700 and beyond The British Pound retains its strength against the US Dollar, with GBP/USD comfortably trading above the 1.2600 threshold after peaking on Monday at 1.2644, its highest since last August. On the one hand, the GBP benefited from hawkish comments from
[ad_1] Share: GBP/USD maintains its upward trajectory on a hawkish BoE tone. BoE Governor Andrew Bailey mentioned the challenge of bringing inflation back to the 2% target. US New Home Sales dropped by 5.6% at 679K against the market consensus of 725K in October. GBP/USD reached its highest level since early September, touching
[ad_1] GBP PRICE, CHARTS AND ANALYSIS: Read More: S&P 500, NAS 100 Make a Tepid Start to the Week, Where to Next? Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter GBP OUTLOOK The GBP and Cable in particular has had a
[ad_1] Share: GBP/USD stays in green territory, though under pressure as sentiment shifts sour. The US Dollar Index erases earlier gains, cushioning the Pound Sterling advance. BoE’s Bailey: Inflation is down due to energy prices falling; monetary and fiscal policy would do the rest of the job. GBP/USD climbed above the 1.2600 figure
[ad_1] GBP/USD Analysis and Charts BoE governor Bailey warns on UK inflation and growth. Sterling remains underpinned as rate cut hopes are pushed back. For all market-moving economic data and events, see the DailyFX Calendar Most Read: British Pound Latest – GBP/USD Boosted by Positive PMI Data Recommended by Nick Cawley How to Trade GBP/USD
[ad_1] Market Week Ahead: Gold Tests $2k, GBP/USD, EUR/USD Pop, USD Sags Markets remain risk-on with a range of US equity markets posting fresh multi-month highs. The VIX ‘fear gauge’ is at lows last seen at the start of 2020 and has fallen in excess of 46% from its late-October spike high. The growing feeling
[ad_1] Share: GBP/USD climbs above 1.2600, driven by optimistic UK data and a jump in UK yields. US data was mixed with solid Services and Composite PMIs, but Manufacturing PMI fell into contraction. Upcoming speeches by the BoE Governor and US economic reports to provide further cues for GBP/USD movement. The Pound Sterling
[ad_1] Share: GBP/USD hits 12-week high amid positive data The Pound Sterling (GBP) advances to a new 12-week high against the US Dollar (USD) courtesy of better-than-expected data revealed on Thursday, which sparked a sell-off of Gilts; consequently, UK bond yields rose. The GBP/USD is trading at 1.2606 after hitting a high of
