The Pound Sterling capitalizes on risk-on mood and rises to 1.2660. UK’s upbeat Manufacturing PMI data and increasing home prices suggest that the recession in the...
GBP/USD remains on the defensive near 1.2650, focus on US Initial Jobless Claims GBP/USD hovers around 1.2650 during the Asian session on Thursday. However, the US...
The Pound Sterling faces pressure above 1.2580 on cautious sentiment. The UK Manufacturing PMI signaled expansion in March for the first time in two years. Investors...
GBP/USD trades on a weaker note near 1.2575 on Wednesday. Many Fed officials see three rate cuts as reasonable this year. Traders raise their bets the...
GBP/USD climbs to 1.2573, rebounding amidst rising US Treasury yields and mixed signals from Fed officials. US job openings slightly exceed expectations, while Factory Orders show...
The Pound Sterling rebounds, although easing UK inflation keeps its broader appeal weak. Upbeat S&P Global/CIPS UK Manufacturing PMI supported the Pound Sterling. UK’s shop price...
GBP/USD drops after strong US ISM Manufacturing PMI data The Pound Sterling slumps in the mid-North American session, as robust US economic data could dent the...
GBP/USD trades in positive territory around 1.2628 in Monday’s early European session. The pair keeps the bearish outlook below the key EMA; RSI indicator lies below...
GBP/USD outlook: Cable moves within extended range ahead of key US data Cable remains in extended sideways mode, with a narrow range on holiday-thinned markets on...
GBP/USD mildly up after PCE figures from the US meet expectations In Friday’s session, GBP/USD is being traded around 1.2640, registering a variation of 0.14% as...
The US PCE Price Index, rose to 2.5% YoY and 0.3% MoM in February, in line with market expectations. The core PCE also met expectations. With...
GBP/USD Price Analysis: The first downside target is seen at the 1.2600–1.2605 zone The GBP/USD pair trades on a weaker note around 1.2620 during the early...
GBP/USD trades on a flat note near 1.2622 in Friday’s early Asian session. The UK GDP contracted by 0.3% QoQ in Q4 2023, unchanged from preliminary...
GBP/USD holds support below 1.2600. Economists at Scotiabank analyze the pair’s outlook. Cable based around 1.2590/1.2600 Markets continue to reflect the expectation that the BoE will...
The Pound Sterling falls to 1.2600 against the US Dollar as investors wait for US core PCE inflation data for February. The Fed’s preferred inflation gauge...
In an interview with the Financial Times (FT) on Thursday, Bank of England (BoE) policymaker Jonathan Haskel warned against rushing to cut interest rates. Haskel said...
GBP/USD remains under pressure around 1.2614 following hawkish comments from Fed’s official on Thursday. Fed’s Waller said there is no rush to cut the rate and...
GBP/USD edges up to 1.2632, navigating through thin liquidity and a light economic calendar on both sides of the Atlantic. US Durable Goods Orders exceed expectations,...
The Pound Sterling drops as investors expect the BoE to cut rates sooner than expected. BoE Bailey said market expectations for two or three rate cuts this...
Pound Sterling drops on firm BoE rate cut projections The Pound Sterling (GBP) falls to near 1.2600 in Wednesday’s early American session. The broader appeal remains weak as investors...