GBP/USD remains weak around 1.3245 in Tuesday’s early Asian session. UK Prime Minister Keir Starmer has resigned, indicating a phase of political instability. The Fed maintains its current interest rates, yet indicates the possibility of a future increase. The GBP/USD pair experiences a decline, approaching 1.3245 in the early hours of trading on Tuesday in … Read more
GBP/USD drifts higher to near 1.3430 in the early Asian session on Wednesday. Optimism regarding a potential US-Iran peace agreement bolsters the British Pound. The Federal Reserve is set to announce its interest rate decision on Wednesday, which will be succeeded by a press conference featuring the newly appointed Chairman, Kevin Warsh. The GBP/USD pair … Read more
GBP/USD remains stable around 1.3415 during the early European session on Friday. The cross maintains a bearish sentiment below the 100-day SMA. The immediate resistance level is identified at 1.3420, while the initial downside target to monitor is 1.3343. The GBP/USD pair is trading in a stable manner around 1.3415 during the early European trading … Read more
GBP/USD moves upward, approaching 1.3385 during the Asian session on Thursday. Traders increase their positions on US interest rate increases following positive US economic data. BoE officials indicated that the central bank is in “no rush to raise interest rates.” The GBP/USD pair shows resilience, moving towards 1.3385 during the Asian trading hours on Thursday. … Read more
GBP/USD remains steady as a robust US Dollar attracts safe-haven interest amid halted US-Iran peace negotiations and escalating tensions in the Middle East. Closing the Strait of Hormuz leads to an increase in energy prices and inflation, which in turn sustains elevated Fed interest rates for an extended period. BoE’s Megan Greene adopted a more … Read more
GBP/USD remains steady at approximately 1.3450 during the early Asian session on Monday. Trump is pursuing modifications to the US-Iran agreement. BoE’s Bailey indicates there is no urgency to increase interest rates in light of the uncertainties surrounding the Iran war. The GBP/USD pair is currently trading in a stable manner around 1.3450 during the … Read more
GBP/USD is experiencing a decline in momentum, settling near 1.3400 during the early session on Thursday in Asia. The US military has conducted new strikes in Iran, while Trump has stated that he will not hastily pursue a deal with Tehran. Traders are scaling back their expectations for Bank of England rate hikes as worries … Read more
GBP/USD drifts higher to approximately 1.3480 in the early Asian session on Monday. The potential for a resolution to the Iran conflict has enhanced risk sentiment, providing support for the British Pound. UK Retail Sales experienced a significant decline in April, marking the largest drop in nearly a year. The GBP/USD pair is showing upward … Read more
GBP/USD holds steady at approximately 1.3435 in Thursday’s Asian session. The headline UK CPI saw a notable slowdown, coming in at 2.8% YoY in April, a decrease from 3.3% in March, and not meeting projections. Trump indicated that discussions with Iran are nearing completion, yet cautioned that there could be attacks if the agreement does … Read more
GBP/USD has softened to approximately 1.3415 during the Asian session on Tuesday. The IMF has adjusted the UK’s growth forecast upward; however, it cautions that ongoing political turmoil may negatively impact growth prospects. Market participants are anticipating an interest rate hike as early as December. The GBP/USD pair declines to approximately 1.3415 during the Asian … Read more