GBP/USD remains under pressure amid persistent dollar strength and fading BoE rate hike bets. UK CPI surprised to the upside, but markets doubt the BoE will respond with another hike. Next week’s focus shifts to UK and US PMIs, both likely to shape GBP/USD’s near-term trajectory. The GBP/USD price closed lower for the week, sliding…
The GBP/USD price analysis shows declining expectations for Bank of England rate cuts. Pay growth in the UK slowed in the three months to May. US retail sales increased by 0.6% in June. The GBP/USD price analysis shows declining expectations for Bank of England rate cuts. A hotter-than-expected inflation reading and better-than-expected employment figures have…
The GBP/USD outlook shows a rebound in the dollar. The dollar eased in the previous session as traders worried about a likely firing of Fed Chair Jerome Powell. The CPI increased by 3.6% compared to the forecast of 3.4%. The GBP/USD outlook shows a rebound in the dollar after Trump denied reports he was planning…
The GBP/USD forecast shows a continuing decline after Friday’s poor UK GDP data. Trump announced a 30% tariff on the Eurozone and Mexico. This week, the US CPI report will shape the outlook for rate cuts. The GBP/USD forecast shows a continuing decline after the UK released downbeat GDP data in the previous session. At…
The GBP/USD weekly forecast indicates weaker growth in the UK. Treasury yields soared after Trump announced higher tariffs on several countries. Next week, the US will release crucial inflation and retail sales figures. The GBP/USD weekly forecast indicates weaker growth in the UK, which has pushed up BoE rate cut expectations. Ups and downs of…
The GBP/USD outlook shows a steady pound as market participants watch developments on tariffs. Trump threatened to impose a 50% tariff on copper imports. Traders are waiting for the UK GDP report. The GBP/USD outlook shows a steady pound as market participants watch developments on tariffs. A BoE report revealed that risks to the financial…
The GBP/USD price analysis shows increased demand for the pound. The US president announced a 25% reciprocal tariff on Japan and South Korea. Trump threatened to impose a 50% tariff on copper imports. The GBP/USD price analysis shows increased demand for the pound over other currencies amid renewed Trump tariff threats. Sterling has an edge…
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On Wednesday, October 23, EURUSD retreated to 1.07612 to a new weekly low On Wednesday evening, 23 October, GBPUSD fell to a weekly low of 1.29074 EURUSD chart analysis On Wednesday, October 23, EURUSD retreated to 1.07612 to a new weekly low. The previous time the pair was at that level was in early July….
On Thursday, October 17, EURUSD retreated to 1.08112 to a new three-month low During this morning’s Asian trading session, GBPUSD saw a bullish consolidation from the 1.30100 level EURUSD chart analysis On Thursday October 17, EURUSD retreated to 1.08112 to a new three-month low. The pair managed to stop further retreat and start recovery. During…