© Reuters. Investing.com – The U.S. dollar drifted lower Monday at the start of a data-packed week, while sterling gained on a degree of confidence returning to U.K. consumers. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 103.262, heading for a
Sterling consolidated its gains above the 1.2500 mark against the US Dollar and stayed above the 200-day EMA in Thursday’s trading, amid quiet liquidity levels. GBPUSD hit its highest level since early September, amid shifting expectations regarding the BOE’s rate cut timeline. The latest survey revealed that UK private sector activity stabilised in November, surpassing
© Reuters. In Asian trading hours today, the British pound reached its highest level against the Japanese yen in over a week, only to later give up some of those gains. The pair, which had climbed to near 187.65, retreated to approximately 187.25. This fluctuation came as investors reacted to expectations of a shift in
Sterling strengthened against most other currencies, after Bank of England Governor Andrew Bailey and two other policymakers told the Treasury Select Committee that there is a possibility that the bank rate will be paused at 5.25% for an extended period. Catherine Mann, a member of the Monetary Policy Committee, was also present and warned that
GBP/USD News and Analysis GBP/USD oscillates around key level as uptrend takes shape Sterling holds narrow advantage over the US in terms of expected rate cuts Fed speakers and UK Autumn Statement next up on the calendar The analysis in this article makes use of chart patterns and key support and resistance levels. For more
© Reuters. Investing.com – The U.S. dollar traded largely unchanged in early European trade Tuesday ahead of the latest inflation data that could determine the path of U.S. monetary policy, while sterling gained as U.K. workers continued to receive healthy wage increases. At 03:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against
© Reuters. The British pound gained ground against the US dollar on Friday, buoyed by stronger-than-anticipated UK Gross Domestic Product (GDP) figures and a softer dollar. The pair maintained its upward trajectory for the second day in a row, trading around 1.2230. The UK’s GDP for the third quarter remained steady, defying market expectations of
GBP/USD, EUR/GBP Analysis Cable struggles to build momentum ahead of UK GDP report EUR/GBP threatens to breakout but faces stern level of resistance UK GDP anticipated to reveal subdued growth in Q3 The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education
Share: The EUR/GBP is backsliding into 0.8660 as Pound Sterling sees a Friday rebound. EU Retail Sales, UK GDP on the back half of next week’s economic calendar. GBP the big winner for Friday. The EUR/GBP is skidding towards 0.8660 as the market heads into the closing bell for the week, and the
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
