Share: GBP/USD regains 1.22. Economists at Scotiabank analyze the pair’s outlook. Sterling’s short-term pattern of trade looks encouraging Sterling’s short-term pattern of trade looks encouraging and the resilience of demand for the Pound on weakness over the past month or more is notable. Trend momentum is supportive on the intraday studies but less
British Pound (GBP) Analysis and Charts A mildly hawkish BoE helps underpin GBP/USD Cable pushes back above 1.2200 For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley Get Your Free GBP Forecast The Bank of England (BoE) left the Bank Rate unchanged today at 5.25%, for the second meeting
US NFP REPORT KEY POINTS: The U.S. economy is forecast to have created 180,000 jobs in October The unemployment rate is seen holding steady at 3.8% A weak NFP report would be bearish for the U.S. dollar, creating the right conditions for a moderate rally in EUR/USD and GBP/USD Trade Smarter – Sign up for
The exchange rate remained stable at €1.1502 on Thursday, as investors awaited the Bank of England’s (BoE) decision on interest rates amidst deteriorating economic conditions in the UK. This comes in the wake of October’s manufacturing PMI data, which showed a significant contraction in UK factory activity, fueling fears of a recession. S&P Global Market
British Pound – GBP/USD and EUR/GBP Technical Outlooks Recommended by Nick Cawley Get Your Free GBP Forecast For all market-moving economic data and events, see the DailyFX Calendar The US dollar is caught in a small down draft, prompted by a sell-off in US Treasury yields. After hitting a multi-year high of 5.26% last week,
Share: Economist Lee Sue Ann and Markets Strategist Quek Ser at UOB Group suggest GBP/USD is now seen trading within the 1.2085-1.2240 band in the next weeks. Key Quotes 24-hour view: We expected GBP to trade in a range of 1.2085/1.2155 yesterday. GBP dipped to a low of 1.2090 before staging a surprising sharp
Share: The GBP/USD is finding some bids for Monday, rebounding from the day’s early lows just south of the 1.2100 handle, and the Pound Sterling has a target set on 1.2200 ahead of the Federal Reserve’s (Fed) Wednesday rate call. The Fed will beat the Bank of England (BoE) to the punch on central bank
Share: Economists at MUFG Bank analyze GBP outlook ahead of the BoE announcement on Thursday. Weak economic activity The worsening economic data has been clear and will likely be clearly acknowledged by Governor Andrew Bailey in the press conference. We see this inevitable acknowledgement of weaker data and some evidence that the labour
Share: Pound Sterling trades in a tight range as investors eye BoE monetary policy decision for further action. The BoE is expected to keep interest rates unchanged amid easing labor market conditions and subdued retail demand. Deepening Middle East tensions dent demand for risk-perceived assets. The Pound Sterling (GBP) struggles to find a
Share: GBP/USD registers minimal losses of 0.12% after hitting a daily high of 1.2163 on risk appetite, but news headlines showing an escalation of the Middle East conflict weighed on the major. Therefore, the pair reversed its course trades at 1.2112, as sellers eye a test of 1.2100. Read More… The Pound
