Share: The Pound Sterling faces significant pressure as the BoE appears to be reluctant to raise interest rates further. BoE Swati Dhingra said that the current interest rate policy is sufficiently restrictive. The UK services sector shrinks after six months of expansion as consumer spending weakens. The Pound Sterling (GBP) cracked significantly amid
Pound Sterling News and Analysis Cable maintains non-directional posture as markets hold out for more hikes Large speculators maintain net-long positioning via the CoT report EUR/GBP trading range heads towards support as ECB concerns pick up The analysis in this article makes use of chart patterns and key support and resistance levels. For more information
Share: Pound Sterling attempts recovery from below 1.2600 but still remains fragile as factory activities weaken further. UK factory activities dropped to 43.0, the lowest reading in the past 39 months. The BoE is expected to raise interest rates consecutive for the 15th time this month. The Pound Sterling (GBP) strives for a
Share: Pound Sterling resumes its upside journey as market mood turns upbeat after US job data. UK inflation is highest among G7 economies due to labor shortages and strong wage growth. BoE policymakers warned that interest rates will remain higher for a longer period. The Pound Sterling (GBP) weakens as market sentiment turns bearish and investors
Pound Sterling (GBP/USD, EUR/GBP, GBP/JPY) Analysis Pound Sterling Takes a Back Seat as US, EU Data Takes the Wheel Markets continue to exhibit enhanced sensitivity to news flow this week. Earlier US jobs data (JOLTs, ADP) sent the US dollar lower over the last 3 trading days and today’s EU inflation data has seen a
© Reuters. Investing.com – The U.S. dollar steadied in early European trade Thursday after overnight losses as Treasury yields retreated in the wake of weak economic data, ahead of the start of the Jackson Hole Symposium. At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six other currencies, traded
British Pound – GBP/USD and EUR/GBP Charts and Analysis BoE rate hikes are being pared back after the latest S&P PMIs Cable touches a fresh multi-month low Recommended by Nick Cawley Trading Forex News: The Strategy According to the latest S&P PMIs for August, the cost of fighting inflation is ‘carrying a heavy cost in
© Reuters Investing.com – The U.S. dollar slipped lower in early European trade Friday, retreating from two-month highs but is still on course for a fifth consecutive winning week as a resilient U.S. economy suggested higher rates for longer. At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six
© Reuters Investing.com – The U.S. dollar edged lower in early European trade Wednesday, handing back recent gains ahead of the release of minutes from the last Federal Reserve meeting, while sterling gained despite U.K. inflation slowing sharply. At 03:00 ET (07:00 GMT), the , which tracks the greenback against a basket of six other
© Reuters. FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration By Joice Alves and Samuel Indyk LONDON (Reuters) – Sterling rose on Tuesday after data showed British basic wages grew at a record pace, adding to the Bank of England’s inflation worries, while the
