Tag Archives: gbp/usd

Disappointing Concern for the US economy is raised by the New York Empire State Manufacturing Index’s sharp decline to -31.3. According to Biden and Brainard, “serious and constructive” discussions are taking place over raising the US debt ceiling.The BoE recently increased rates by 25 basis points to combat inflation; future …

Sterling soars to fresh highs after US Inflation data The Pound Sterling (GBP) has risen sharply versus the US Dollar (USD) after the release of US Consumer Price Index (CPI) data for April. This data has given the broader long-term GBP/USD uptrend impetus to extend. The Pound Sterling (GBP) rallies …

The GBP/USD pair turned positive for the third straight day and climbed to a two-week high on Friday. The US dollar retreats from a two-and-half-week-high touched this Friday in reaction to the softer US macro data, which is seen lending some support to the GBP/USD pair. The pair’s uptick, marking …

After reaching a weekly high of 1.2507, the GBP/USD pair changes direction and declines to the 1.2397 level, at the time of typing, as a result of risk aversion that caused flows towards safe-haven assets. Despite the fact that US Treasury bond yields are falling, the US Dollar (USD) is …

The GBP/USD pair is testing trendline support and running into resistance near 1.2470. The 1.2350s become accessible on a breach below trendline support. The pair, which rose from a low of 1.2392 to a high of 1.2474, is currently trading at 1.2436, down 0.02% on the day. However, as the …

Ahead of important data on Wednesday, the GBP/USD bulls are active in the market. Data on UK inflation will be released and may support the BoE’s hawkish stance. The GBP/USD currency pair has so far moved from a low of 1.2366 to a high of 1.2449, rising by 0.41% on …

The GBP/USD pair is up by +0.05% and is trading at 1.2430. While risk sentiment has strengthened, the British pound has found stability in a crucial support level, keeping sterling close to the 10-month high it reached last week on speculation that interest rates will shortly peak and decline later …

Next Thursday, the UK will reveal crucial macroeconomic data. On the strength of a gloomy market environment, the American Dollar is gaining. With selling pressure present, the GBP/USD pair may decline towards 1.2273. GBP/USD is currently trading at approximately 1.2380 after making a minor recovery from an intraday low of …

The Pound Sterling (GBP) pullback from a 9-month high against the US Dollar (USD) on Tuesday dropped below the 1.2500 figure due to the US dollar’s renewed strength. The US labour market continues to deteriorate, painting a gloomy scenario for the US economy. The GBP/USD is trading at 1.2422 after …

the GBP/USD faces strong resistance at around 1.2500 and retraces due to market’s risk aversion as investors assess a possible recession in the United State. The latest US economic data paints a gloomy scenario, which is already foreseen by the US Federal Reserve (Fed) as the last piece of the …