GBP/USD drifts higher to near 1.3550 in Tuesday’s early Asian session. Traders anticipate a mere 35% probability of a rate increase during the Federal Reserve’s September meeting. The UK jobs data is set to take center stage later on Tuesday. The GBP/USD pair is experiencing an uptick, reaching approximately 1.3550 in the early hours of … Read more
Markets exhibit a divergence of opinions regarding a potential Fed rate hike in September, particularly in anticipation of significant inflation data releases. Rising oil prices and shifting diplomatic signals over the Strait of Hormuz contribute to increased market volatility. Scotiabank observes that the recent fluctuations in the Pound are predominantly influenced by market sentiment, closely … Read more
GBP/USD begins the week of 10–14 August positioned around 1.3500, marking its peak since 15 July. Sterling is capitalising on the momentum generated by a significant drop in the dollar, triggered by a disappointing US labour market report that has diminished expectations for a Federal Reserve rate increase in September. Further support has emerged from … Read more
Scotiabank analysts caution that the diminishing yield spreads between the UK and US are undermining the fundamental support for the British pound. Rising oil prices have rekindled concerns regarding stagflation in the UK, presenting a complex challenge for the Bank of England. Safe-haven demand stemming from the escalating tensions in the Strait of Hormuz has … Read more
GBP/USD softens to approximately 1.3425 in the early Asian session on Tuesday. Trump asserts that discussions with Iran are in progress; however, Iran refutes any claims of negotiations occurring. In July, the US ISM Manufacturing PMI increased to 55.6, surpassing expectations. The GBP/USD pair experiences a decline, approaching 1.3425 in the early Asian session on … Read more
GBP/USD declines even with a softer US Dollar, as Trump’s halted strikes have enhanced diplomatic prospects between the US and Iran. President Trump indicated that nations in the Middle East have sought additional time to conclude an agreement with Iran. The Bank of England indicated potential interest rate increases should uncertainties stemming from the US-Iran … Read more
The GBP/USD experiences a decline as the US Dollar maintains its strength in anticipation of a highly uncertain Federal Reserve rate decision. Declining crude prices contribute to a reduction in UK 10-year gilt yields, simultaneously alleviating short-term inflation concerns. Markets expect the Bank of England to maintain interest rates at 3.75% during Thursday’s meeting. GBP/USD … Read more
GBP/USD moves up to about 1.3385. UK CPI inflation decreased more than anticipated to 2.6% in June. US initiated new military actions while Iran cautioned about potential regional instability. The GBP/USD pair rebounds to near 1.3385 during the Asian trading hours on Thursday. However, the potential upside for the major pair may be constrained in … Read more
GBP/USD is showing resilience, approaching the 1.3360 mark during the Asian session on Tuesday. Renewed US strikes on Iran and concerns regarding shipping in the Strait of Hormuz may limit the potential gains for the pair. BoE’s Pill indicated that interest rates are expected to increase in order to maintain control over inflation. The GBP/USD … Read more
GBP/USD advances to approximately 1.3430 during the Asian session on Friday. Andy Burnham is poised to assume the role of the next UK Prime Minister on July 20. Iranian officials have reported several explosions occurring in the southern region of the country, notably in proximity to the Bushehr nuclear facility. The GBP/USD pair strengthens to … Read more
