GBP/USD rises as anticipated, with the expected mild US inflation data likely to maintain the Federal Reserve’s current stance. US Nonfarm Payrolls increased by 162,000, elevating expectations for a September Fed rate hike to approximately 58.3%. Persistent inflation and fiscal concerns are influencing market expectations for further rate hikes by the Bank of England. GBP/USD … Read more
GBP/USD declines as the US Dollar strengthens due to increasing US Treasury yields and soaring oil prices. In July, US JOLTS job openings did not meet expectations, whereas ISM Manufacturing continued to show signs of expansion. Increased shop inflation in the UK has led markets to adjust their expectations, now anticipating a greater likelihood of … Read more
GBP/USD has seen a decline as the US Dollar maintains its strength, following July’s PCE inflation rate, which accelerated to 0.2%, surpassing market expectations. Oil prices declined following an agreement between Iran and Oman regarding the Strait of Hormuz, alleviating short-term inflation concerns. Pound sentiment weakened following disappointing CBI business data and a shift in … Read more
The GBP/USD pair sees interest from buyers near 1.3430 in the early hours of European trading on Monday. The Greenback weakens against the Pound Sterling following remarks from Federal Reserve Chair Jerome Powell, who indicated that US President Donald Trump threatened him with a criminal indictment, which has heightened concerns regarding the independence of the … Read more
The GBP/USD pair is currently exhibiting a stable performance, hovering around 1.3465 in the early hours of European trading on Thursday. Markets exhibit a cautious stance as traders anticipate the release of significant US economic data this week. The weekly US Initial Jobless Claims report is set to be released later today, preceding the much-anticipated … Read more
GBP/USD moves upward, approaching 1.3480 during the early Asian session on Friday. Market participants anticipate further USD depreciation if the incoming Fed Chair pursues more aggressive interest-rate reductions as expected. The BoE anticipates that rates will follow a gradual downward trajectory; however, each future reduction will be a “closer call.” The GBP/USD pair shows resilience, … Read more
GBP/USD shows resilience around 1.3510 during the Asian session on Tuesday. The anticipation of a gradual monetary easing path by the BoE in 2026 bolsters the Pound Sterling. The initial resistance level is identified at 1.3550, while the primary support level to monitor is at 1.3410. The GBP/USD pair is experiencing slight upward movement, currently … Read more
GBP/USD shows a decline, trading at approximately 1.3485 during the early European session on Monday. The favorable perspective for the pair remains intact as the price sustains its position above the crucial 100-day EMA. The initial support level is identified at 1.3393, while the primary resistance level to monitor is 1.3547. The GBP/USD pair experiences … 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
