The GBP/USD outlook indicates a more dovish outlook for the Fed compared to that of the BoE. The US economy added only 22,000 new jobs in August. Market participants are expecting at least three Fed rate cuts before the year ends. The GBP/USD outlook indicates a bullish momentum as the Fed outlook is more dovish…
The GBP/USD price analysis indicates caution ahead of the US monthly employment report. Economists predict a 75,000 US job addition in August. Experts believe yields will remain elevated. The GBP/USD price analysis indicates caution ahead of the US monthly employment report. Meanwhile, the dollar remains fragile after more downbeat jobs figures on Thursday. On the…
The GBP/USD price analysis indicates escalating concerns about the UK’s fiscal health. The UK 30-year yield rose to its highest point since May 1998. The US will release its non-farm payrolls report on Friday, providing an update on the state of the labor market. The GBP/USD price analysis indicates escalating concerns about the UK’s fiscal…
The GBP/USD outlook shows the dollar near a five-week low amid bets on a Fed rate cut. The preliminary GDP reading revealed that the US economy expanded by 3.3%. The pound remains vulnerable amid fiscal worries in the UK. The GBP/USD outlook shows the dollar near a 5-week low as traders price a 90% chance…
The GBP/USD forecast indicates an increasing likelihood of a Fed rate cut in September. Traders are only pricing a 40% chance of another Bank of England rate cut this year. Wholesale inflation in the UK hit a two-year high of 1.9%. The GBP/USD forecast indicates an increasing likelihood of a Fed rate cut in September,…
The GBP/USD forecast remains positive above 1.3500 after the Fed’s dovish tone. The BOE-Fed divergence points at stronger gains towards fresh yearly highs. Markets are in a lull before key macro releases like US GDP, Core PCE, and Durable Goods Orders. The British pound pared its losses sharply on Friday after Fed Chair Powell struck…
The GBP/USD price tested 2-week lows under 1.3400 after the Fed meeting minutes. The UK economic data shows resilience, but the inflation concerns remain worrying. All eyes are now on Powell’s speech at the Jackson Hole Symposium GBP/USD price dipped to a two-week low under 1.3400 on Friday as the Greenback gained strength after the…
The GBP/USD price analysis suggests a longer delay in Bank of England rate cuts. Inflation in the UK accelerated from 3.6% to 3.8%. Traders are awaiting the FOMC minutes. The GBP/USD price analysis suggests a longer delay in Bank of England rate cuts as UK inflation remains high. As a result, the pound recovered from…
The GBP/USD price analysis shows the pound steady after a recent collapse. The US has promised to guarantee Ukraine’s safety in case of a peace deal. Traders are pricing in over an 80% chance of a Fed rate cut in September. The GBP/USD price analysis shows the pound steady after a recent collapse due to…
The GBP/USD outlook shows a solid rebound in the UK economy. Data on Thursday revealed that the UK economy expanded by 0.4%. Top US government officials are calling for a big rate cut. The GBP/USD outlook shows a solid rebound in the UK economy that has lowered BoE rate cut bets and boosted the pound….