Tag Archives: gbp/usd

The GBP/USD exchange rate fell to its lowest point since July 6 on Friday, and investors are still worried that the Federal Reserve will be attacked by hawks in the wake of the US’s release of stronger-than-expected second-quarter GDP figures.On August 3, the Bank of England is expected to raise …

The GBP/USD has slid for the seventh day. The Sterling has been impacted by weak UK PMIs and the overall gloomy UK economic future perspective. The UK PMI shows the largest month-on-month drop in 11 months, signaling a potential weakening of post-pandemic spending. The Sterling is even seen as heading …

The GBP/USD pair dropped in early trading due to strong US dollar strength, driven by upbeat UK retail sales data. The recent UK inflation report repricing of the Bank of England’s interest rate expectations led to a 50% chance of a 50 bps rate hike projected by the swaps market. …

As market expectations for future aggressive rate hike from the BoE relatively disappeared post the UK’s dropping inflation, the Pound Sterling kept falling versus the US dollar. The inflated British pound was greatly impacted by the US dollar, which was also participating in an independent surge. As the money markets …

According to the YouGov institute’s most recent survey of 2,000 Britons, a record number of Britons now believe that Brexit was a mistake.According to the macro update, which was released by Reuters, 57% of respondents believe that the decision to leave the European Union was incorrect, while only 32% support …

The GBP/USD pair declines by 0.08% as investors flee to shelter in response to poor Chinese GDP statistics; the exchange rate drops below 1.3100. Despite indications of an impending UK recession, expectations of a 50 bps rate increase by the Bank of England in August keep things tense.Investors assess the …

The GBP/USD pair has rallied after the US Producer Price Index (PPI) for June surged below estimates, indicating a steady deceleration of inflation in the largest world economy. The pair is trading at 1.3133 at the time of writing. The UK is seen as hardly missing a recession, but fears …

After a cautious opening due to inflation data from China that suggested weaker demand, Wall Street closed in the green. The Nasdaq increased by 0.18% while the Dow Jones increased by 0.62%. Less than 1% was lost in the price of crude oil, while gold finished level at $1,925 per …

The GBP/USD pair remains stable at 1.2690, despite the slowdown in US manufacturing activity. UK data shows slight improvement but remains in recessionary territory, raising economic concerns.The US Manufacturing PMI poll revealed that business activity is deteriorating further, with input prices slowing down, signaling inflation edges down amidst 500 basis …

The GBP/USD pair experienced a sharp drop in the North American session following robust US data, highlighting the case for additional Federal Reserve tightening and higher Treasury bond yields. The upward revision of US GDP and a drop in Initial Jobless Claims suggest a bright US economic picture, triggering the …