GBP/USD struggles despite UK´s economy dodging a recession

Share: GBP/USD failed to gain traction on Friday, extended its losses to five consecutive days, is down 0.16% or 20 pips from its opening price after hitting a daily high of 1.2237. At the time of writing, the pair exchanges hands at 1.2205. Read More…   The Pound Sterling (GBP) is expected to continue

The US can still avoid a recession if its plays its cards right – CIBC

CIBC today indicates that next week it will upwardly revise its forecasts for US economic growth and pencil in an additional Fed hike this year. That move goes against the current prevailing market thinking that has the Fed stuck on the sidelines for months. Current pricing suggests only an 8% chance of a hike on

Pound Sterling weakens as investors see Fed-BoE policy divergence intact

Share: Pound Sterling finds buying interest while UK recession risks remain intact. UK Manufacturing PMI is expected to contract for the 14th time in a row. UK’s real estate inquiries increase as households see no more increase in mortgage rates. The Pound Sterling (GBP) faces an intense sell-off despite the United States’ core Personal

EUR/GBP extends downside to near 0.8630 ahead of German inflation

Share: EUR/GBP corrects significantly to near 0.8630 ahead of the German HICP data for September. Germany’s annual HICP inflation is seen softening despite rising energy prices. The UK economy is facing the headwinds of a stubborn inflation outlook and economic woes. The EUR/GBP pair drops vertically to near 0.8630 in the European session.

Recession is not part of baseline

Share: While speaking before the European Parliament’s Committee on Economic and Monetary Affairs on Monday, European Central Bank (ECB) President Christine Lagarde said that a recession was not a part of the baseline scenario. Lagarde added that the ECB was not talking about rate cuts and noted that the European labor market was finally

Pound Sterling exposes six-month low as slowdown fears deepen

Share: Pound Sterling may continue its three-day losing spell further amid uncertainty over the economic outlook. S&P Global reported that UK Services PMI contracted for the second time straight. BoE policymakers shifted focus on the UK’s economic prospects against persistent inflationary pressure. The Pound Sterling (GBP) faces selling pressure as investors start worrying