On Wednesday, GBP/USD held steady at 1.3436. The British pound found support amid a sell-off in the US dollar, driven by escalating trade tensions between the US and Europe concerning Greenland. The President of the United States, Donald Trump, has issued a warning regarding the potential imposition of tariffs on imports from the UK, Denmark, … Read more
GBP/USD rises to approximately 1.3510 in the early European session on Wednesday. The BoE interest rate is expected to follow a steady decline. Market participants prepare for the US Initial Jobless Claims report scheduled for release later on Wednesday. The GBP/USD pair is currently trading positively around 1.3510 in the early European session on Wednesday. … Read more
The most recent UK GDP figures indicated an annualised growth rate of 1.3%, aligning with market forecasts and marginally lower than the prior reading of 1.4%. The report exhibited a largely neutral effect on sterling, as it affirms that the UK economy is still growing, though at a measured rate, with no indications of a … Read more
The GBP/USD exchange rate exhibited stability within a narrow band following the release of the latest employment and inflation data from the United States, as well as the interest rate decision from the Bank of England. It was trading at 1.3376, slightly below this month’s peak of 1.3460. The GBP/USD exchange rate exhibited limited volatility … Read more
The Pound Sterling remains stable on Tuesday as traders express concerns regarding the economic outlook in the US, while market participants focus on the upcoming NVIDIA earnings for Q3, contributing to a decline in US equity markets. The GBP/USD is currently positioned at 1.3156, reflecting minimal movement. GBP/USD remains stable as market participants evaluate US … Read more
GBP/USD is currently consolidating in the North American session on Monday, holding steady around 1.3150. This stability arises alongside growing speculation about a possible resolution to the US government shutdown, lending support to the US Dollar, which has regained some of its previous losses. GBP/USD stays steady as progress in the US Senate boosts optimism … Read more