GBP/USD softens to near 1.3210 in the early European session on Friday. The pair maintains a negative outlook beneath the 100-day SMA, coinciding with an oversold RSI condition. The immediate resistance level is positioned at 1.3215; the initial support level to monitor is 1.3140. The GBP/USD pair is currently positioned in negative territory, trading at … Read more
GBP/USD is experiencing slight declines, hovering near 1.3240 during the early European session on Thursday. Stronger US PMI has intensified expectations for a Federal Reserve rate increase. Financial markets are presently assigning a probability of 67% to the likelihood of a rate hike by the Bank of England in November. The GBP/USD pair records slight … Read more
GBP/USD experiences depreciation as the Federal Reserve indicates additional rate hikes to address ongoing inflationary pressures. Markets currently assign a 56.5% probability to the prospect of an additional rate hike at the forthcoming October meeting. Scotiabank observes that the UK’s favourable political environment and commitment to fiscal responsibility persist in bolstering the Pound. GBP/USD experiences … Read more
GBP/USD remains stable around 1.3360 during the early Asian session on Friday. The Bank of England maintained its interest rates at the September meeting held on Thursday. The Fed has opted to increase its benchmark interest rate by 25 basis points, setting it within a range of 3.75% to 4.0% during the September meeting. The … Read more
GBP/USD has weakened to approximately 1.3470 during the early Asian session on Wednesday. The Federal Reserve is poised to increase interest rates later on Wednesday. Economists forecast an increase in inflation to 3.1% in August, driven by elevated motor fuel prices. The GBP/USD pair experiences a decline, approaching 1.3470 in the early hours of trading … Read more
GBP/USD softens to near 1.3490 in Tuesday’s early Asian session. The Federal Reserve is anticipated to increase interest rates by 25 basis points during its policy meeting on Wednesday. The Bank of England is anticipated to maintain its interest rates at 3.75% during the upcoming Thursday meeting. The GBP/USD pair experiences a decline in momentum, … Read more
GBP/USD remains stable at approximately 1.3510 during the early Asian session on Friday. The US Producer Price Index increased by 5.4% year-over-year in August, surpassing expectations. BoE’s Bailey countered the notion that a rate hike is unavoidable. The GBP/USD pair is currently exhibiting a stable performance, hovering around 1.3510 in the early hours of the … Read more
The US Producer Price Index and Consumer Price Index reports will significantly influence the Federal Reserve’s monetary policy and expectations regarding interest rates. Robust employment figures in the United States have led market participants to assign a sixty percent probability to the prospect of an interest rate increase. The UK residential survey reached a five-month … Read more
GBP/USD strengthens to approximately 1.3545 during the early Asian session on Tuesday. UK Chancellor John Healey has announced reforms aimed at enhancing investment and regulation within the UK. Traders are increasing their positions on a potential US interest rate hike in September, spurred by strong US employment figures. The GBP/USD pair advances to approximately 1.3545 … Read more
GBP/USD advances to approximately 1.3530 during the early hours of the Asian session on Friday. BoE’s Pill indicated that elevated rates would assist in mitigating inflationary pressures. The US jobs report for August is scheduled for release on Friday. The GBP/USD pair demonstrates resilience, approaching 1.3530 in the early hours of trading on Friday in … Read more
