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 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
GBP/USD stabilizes as market participants anticipate the preliminary Q1 UK Gross Domestic Product data set to be released on Thursday. Market participants are closely monitoring developments from the ongoing meeting between Trump and Xi in Beijing. In April, US wholesale inflation attained a peak not seen since 2022, with the Producer Price Index escalating to … Read more
GBP/USD is experiencing a decline, currently hovering around 1.3590 in the early hours of Tuesday’s Asian session. The rejection of Iran’s peace proposal by Trump has heightened risk-off sentiment, thereby bolstering the US Dollar. UK Prime Minister Starmer faces significant scrutiny following substantial election defeats. The GBP/USD pair is experiencing a decline in momentum, approaching … Read more
The GBP/USD pair is showing modest gains, trading near 1.3560 in the early hours of the Asian session on Friday. Trump indicated that the accord with Iran is still active. Market participants are gearing up for the forthcoming US Nonfarm Payrolls report set to be released later on Friday. The GBP/USD pair shows a modest … Read more
GBP/USD rose to 1.3599 on Thursday, as sterling approached its peak levels since mid-February in the preceding session. The pound is experiencing increased support due to a decline in demand for the US dollar as a safe-haven asset, coinciding with rising optimism regarding a potential agreement between the US and Iran. It was reported that … Read more
The Pound is experiencing a notable recovery against the US Dollar on Wednesday, achieving session highs of 1.3595 thus far, following a rebound from weekly lows around 1.3500 on Tuesday. Increasing optimism regarding a potential resolution to the conflict in the Middle East is exerting pressure on the safe-haven USD while bolstering the Cable. The … Read more