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 during
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 Bank
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 that
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 (GBP)
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 1.2615.
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© Reuters. Optimism has surged in the UK financial markets, leading the exchange rate to reach a twelve-week peak, buoyed by improved consumer confidence and a promising business outlook despite persistent recessionary pressures. On Thursday, the pound sterling climbed to 1.2615 against the US dollar, reflecting positive reactions to the latest S&P Global/CIPS data and
DXY, EUR/USD, GBP/USD PRICE, CHARTS AND ANALYSIS: Most Read: Bitcoin Steady as Coinbase (Coin) Emerges as Winner from Binance Saga Recommended by Zain Vawda The Fundamentals of Trend Trading US DOLLAR FUNDAMENTAL BACKDROP The US Dollar Index (DXY) has struggled to maintain the upside momentum it gained over the last 2 days. This could in
GBP/USD Analysis and Charts Better than expected PMI data underpins Sterling’s recent rally. Cable (GBP/USD) prints a fresh 10-week high. For all market-moving economic data and events, see the DailyFX Calendar The latest UK S&P Global PMIs beat both last month’s prints and expectations earlier today, with the all-important services sector leading the way. Learn
© Reuters. The currency pair took a sharp dive today, reaching a level of 1.2456, which represents about a 0.63% decrease. This movement is largely attributed to recent U.S. economic data suggesting that inflationary pressures remain and the economy may be deliberately slowing down as part of the Federal Reserve’s broader strategy. The University of
