Tag Archives: gbp/usd

Following the release of UK inflation data, the GBP/USD pair is benefiting from the US dollar’s decline as a result of testimony made by Fed Chair Jerome Powell regarding rate hikes.Powell’s comments keep investors on edge, but the GBP/USD pair seems unaffected by the testimony. With a potential increase of …

The GBP/USD pair retraces below 1.2800 on the stronger US dollar ahead of Powell testimony and the Bank of England’s policy decision. The stronger US Dollar, driven by expectations of further tightening by the Fed and an overbought US equity market, has influenced the pair’s price movement. Fed Chair Jerome …

After a gloomy start to the week, the GBP/USD picks some upside momentum as it rallies to 1.2800 in the early hours of Tuesday’s Asian session. In doing so, the Cable pair oscillates within a one-week bullish trend pattern, reaching its highest levels in 14 months. To counter the week’s …

The GBP/USD pair is rallying sharply in the North American session, propelled by an interest rate hike by the ECB and a pause on the side of the US Fed. Expectations that the Bank of England (BoE) could be the more hawkish central bank amongst G10 FX countries keep the …

Surging US bond yields constitute one factor why the GBP/USD pair retreated from five-week high. The pair is also eyeing key US and UK economic data releases on Tuesday. This retreat comes after failing to breach 1.2600, so the pair is now trading at 1.2512 amid climbing US Treasury bond …

The GBP/USD pair skyrockets as US Jobless Claims are seen soaring and market participants expect the US central bank to pause policy tightening. The US Treasury bond yields are pressured and the US Dollar Index collapsed by 0.73%. The GBP/USD pair has surged due to a weakened US dollar and …

The GBP/USD pair hovers above the 1.2400 mark after the last week’s USD boost from stronger-than-expected jobs data. The US economic indicators reveal a mixed story, with weakening factory orders and a fall in Non-Manufacturing PMI. UK outpaces expectations with S&P Global Services and Composite PMIs, adding pressure on the …

GBP/USD records gains for the second trading day in a row. The US debt-ceiling deal favoured a positive market environment. Focus, this week, shifts to NFP data from May from the US. The GBP/USD pair trades with gains at 1.2358 and benefits from the positive market sentiment fueled by the …

Prior to the release of the FOMC minutes, the GBP/USD pair is down about 0.28%. The pair has so far fallen from a high of 1.2469 to a low of 1.2357.  The positions of net GBP speculators rocketed higher and have now been positive for five weeks in a row, …

On Thursday, Speaker Kevin McCarthy voiced optimism that negotiators have a structure now and are working two or three times a day. DeSantis suggests only he could beat Biden ahead of the expected 2024 launch. McCarthy also praised Biden’s picks to lead the talks – a move by the White …