

others
GBP/USD hovers above 1.2500, focus on UK labor data scheduled for Tuesday – Crypto News
- GBP/USD inches higher possibly driven by improved risk appetite on Monday.
- BoE’s Chief Economist Huw Pill indicated a growing belief that rate cuts might be on the horizon.
- The US Dollar struggled as the US Consumer Sentiment Index dropped to 67.4 in May, marking a six-month low.
GBP/USD edges higher to near 1.2520 during the Asian session on Monday, possibly due to improved risk appetite. The Pound Sterling (GBP) was bolstered by releasing higher-than-expected UK Gross Domestic Product (GDP) figures on Friday. The UK economy expanded by 0.6% in Q1, surpassing forecasts and signaling the end of the nation’s brief recession. This economic rebound represented the most robust growth seen in over two years.
However, the British Pound faced a challenge following dovish remarks from Huw Pill, Chief Economist at the Bank of England (BoE). Pill echoed the sentiment of the majority of the BoE’s Monetary Policy Committee (MPC), who opted to maintain interest rates at 5.25% on Thursday. Yet, he subsequently expressed a growing belief that rate cuts could be imminent.
The market participants are likely to await the employment data from the United Kingdom (UK) on Tuesday with expectations of Claimant Count Change showing an increase in the number of those claiming jobless benefits in April. Additionally, the ILO Unemployment Rate (3M) is expected to show an increase in number of unemployed workers in the UK.
This week, investors in the United States (US) are poised to focus on key economic indicators for potential market drivers, including the Consumer Price Index (CPI), Producer Price Index (PPI), and Retail Sales.
On Friday, the US Dollar (USD) encountered challenges following the release of the University of Michigan consumer sentiment index, which dropped to 67.4 in May from April’s 77.2, marking a six-month low and falling short of market expectations of 76 reading.
However, the extent of these losses may have been curbed by an uptick in inflation expectations for the year ahead, with a reading of 3.5%, the highest in six months compared to April’s 3.2%. Additionally, the five-year inflation outlook rose to 3.1%, a six-month high, up from 3.0% previously. These inflation indicators might have supported the US Treasury yields to advance, potentially lending support to the Greenback.
-
Blockchain5 days ago
Institutional Demand Surges As Ethereum Sets New Inflow Records – Crypto News
-
Blockchain5 days ago
DeFi Development Nears 1 Million Solana In Treasury – Crypto News
-
Business1 week ago
XLM Is More Bullish Than ETH, SOL, And XRP, Peter Brandt Declares – Crypto News
-
Cryptocurrency1 week ago
Anarchy, crime and stablecoins – Blockworks – Crypto News
-
Cryptocurrency1 week ago
Altseason heats up, but Bitcoin could face short-term pullback – How? – Crypto News
-
Cryptocurrency1 week ago
Bitcoin trades near $119K after new all-time high; Coinbase rebrands wallet to ‘Base App’ – Crypto News
-
Technology1 week ago
“Decentralized Ponzi Scheme”- Gold Bug Peter Schiff Slams Landmark Crypto Bills – Crypto News
-
Cryptocurrency1 week ago
California Sheriffs Believe 74-Year-Old’s Disappearance Linked to Son’s Crypto Fortune – Crypto News
-
Business6 days ago
Vitalik Buterin Approves Gas Limit Hike, Warns Against Risky Ethereum Scaling – Crypto News
-
Metaverse1 week ago
Zoho Zia LLM launched with speech-to-text models and AI agent marketplace: All you need to know – Crypto News
-
De-fi1 week ago
BNB Chain Teases New Blockchain with Privacy Features to Compete With Crypto Exchanges – Crypto News
-
Technology1 week ago
Breaking: GENIUS Act Becomes First Major Crypto Legislation as Trump Signs Bill – Crypto News
-
De-fi1 week ago
Crypto Market Cap Hits $4 Trillion Milestone as US House Passes Landmark Bills – Crypto News
-
Cryptocurrency1 week ago
Shytoshi Kusama Breaks Silence on New SHIB AI Whitepaper and Transformed Future – Crypto News
-
Cryptocurrency7 days ago
Sanctum acquires Ironforge, plots transaction infrastructure vertical – Crypto News
-
Cryptocurrency6 days ago
XRP Price Hits All-Time High at $3.66 — Can It Smash Through $4 After Trump Win & SEC Shake-Up? – Crypto News
-
Blockchain6 days ago
How to Use Google Gemini to Turn Crypto News Into Trade Signals – Crypto News
-
others6 days ago
EUR/CHF rises on speculation of SNB intervention, but EU–US trade risks cap gains – Crypto News
-
Blockchain5 days ago
Strategy to keep STRC Fund Pegged to $100 – Crypto News
-
others1 week ago
GBP/USD rallies on US PPI dip and Trump’s potential Powell removal – Crypto News
-
others1 week ago
GBP/USD rallies on US PPI dip and Trump’s potential Powell removal – Crypto News
-
Cryptocurrency1 week ago
Russia’s $85 Billion Sberbank to Launch Crypto Custody Services – Crypto News
-
Technology1 week ago
Europe’s answer to ChatGPT? Mistral adds voice and research features to Le Chat AI – Crypto News
-
De-fi1 week ago
U.S. House Passes Clarity, GENIUS, and Anti-CBDC Acts With Historic Bipartisan Support for Crypto – Crypto News
-
Technology1 week ago
Malicious code found in fake coding extensions used to steal crypto – Crypto News
-
Cryptocurrency1 week ago
XRP Price Spikes to Record Highs As Momentum Signals Extended Gains – Crypto News
-
Technology1 week ago
Meta’s AI Studio: Red flag or red herring? – Crypto News
-
Blockchain1 week ago
Why Bitcoin self-custody is declining in the ETF era – Crypto News
-
Cryptocurrency1 week ago
US House passes three key crypto bills; market reaction muted as Bitcoin dips – Crypto News
-
De-fi1 week ago
Crypto Market Cap Hits $4 Trillion Milestone as US House Passes Landmark Bills – Crypto News
-
Cryptocurrency7 days ago
Arthur Hayes-linked wallet bags $2M worth of AAVE and LDO in an OTC deal – Crypto News
-
others7 days ago
Why Is The Crypto Market Rising Today? – Crypto News
-
others6 days ago
Breaking: Polymarket Reenters US Market With Exchange Acquisition As Probe Ends – Crypto News
-
others5 days ago
Venture Capital Firms Launch $360,000,000 Crypto Treasury Company Focused on Arthur Hayes-Backed Ethena (ENA) – Crypto News
-
Cryptocurrency5 days ago
Solana Clinches 5-Month High, Where to From Here? – Crypto News
-
Technology5 days ago
BitOrigin Begins $500M Dogecoin Treasury With 40.5M Buy, Analysts Predict Fresh Bull Cycle – Crypto News
-
Technology5 days ago
Grab up to 43% off on best selling premium laptops from Apple, Asus and more – Crypto News
-
Blockchain5 days ago
XRP Could Skyrocket 500% Against Bitcoin, Analyst Warns – Crypto News
-
Blockchain5 days ago
Crypto Needs Minimum Viable Decentralization – Crypto News
-
Blockchain1 week ago
Nasdaq Exchange Files SEC Form to List Staking Ethereum ETF – Crypto News
-
Cryptocurrency1 week ago
Ethereum price surges 6% to $2,800 as shorts suffer amid $500M crypto liquidation – Crypto News
-
Technology1 week ago
OnePlus Pad 3 with Snapdragon 8 Elite SoC makes its India debut, set to go on first sale in September – Crypto News
-
others1 week ago
Streaming Service Handing $3,400,000 To Current and Former Customers To Settle Illegal Data Harvesting Allegations – Crypto News
-
Cryptocurrency1 week ago
Friday charts: Fiscal dominance and super intelligence – Crypto News
-
De-fi1 week ago
Trump’s Crypto Assets Now Comprise a Key Part of Family Fortune Worth Billions – Crypto News
-
Business1 week ago
Pi Coin Price Technical Analysis Confirms Buy Signal Despite 2M Exchange Inflows – Crypto News
-
Technology1 week ago
Not Google or Bing! This search engine lets you block AI images in search results – Crypto News
-
Cryptocurrency1 week ago
GENIUS Act Is The Catalyst For XRP And RLUSD’s Dominance, Expert Declares – Crypto News
-
De-fi7 days ago
Nasdaq Files to Add Staking to BlackRock’s ETH ETF – Crypto News
-
Blockchain6 days ago
To The Moon? Justin Sun To Be Launched Into Space After $28M Bid – Crypto News