Tag Archives: gbp/usd

After a two-day recovery from its lowest levels since late November 2022, the GBP/USD pair now seesaws inside a choppy range. Buyers benefit from expectations of no UK recession and optimistic efforts to entice new stock market listings. Prior to the important US jobs report, the US dollar is weakened …

GBP/USD dropped more than 150 pips and fell from 1.2000 to 1.1840s. Hawkish comments by the US Fed Chair Jerome Powell at the Senate keeps investors assessing a 50 bps hike in March.The pair is now retreating over 100 pips as Powell testifies at the US Senate on Tuesday. The …

Following the US ISM Manufacturing PMI, the GBP/USD pair moved into negative territory. Despite the market’s optimism on the favourable economic data from China, the pair is seen falling. Moreover, a BoE official expressed more hawkish views than anticipated, which helped boost the GBP/USD. At the time of writing, the …

The US dollar managed to recover some of its early losses, but the day still ended unevenly. In spite of month-end flows, correlations were off, but risk aversion was unaffected. As Wall Street ended neutral, the majority of European indexes closed the day in the red.Key DevelopmentsThe focus was on …

In a joint press conference with European Commission President Ursula von der Leyen on Monday, British Prime Minister Rishi Sunak that they have amended the original Northern Ireland Protocol deal and agreed a new “Windsor framework.” The GBP/USD edged slightly lower from daily highs with the initial reaction to this …

The British Pound fought back from below 1.20/USD and the 200-DMA (1.1938) on Friday but conviction for a return to 1.2450 is low based on the outlook for a widening in US/UK rate differentials. Based on implied market rates, the Fed/BoE spread could widen to almost 100 bps in 2Q, …

On Monday, with the beginning of the new trading week, the GBP/USD pair edges higher after posting the biggest daily jump in a month. Optimism surrounding an end to the UK’s labour strike is leaving a positive fingerprint on the Sterling in addition to the US dollar’s pullback which contributes …

The US Dollar is expected to finish this trading week with solid gains due to Fed’s hawkish comments as well as the latest US data.US Consumer Sentiment improved according to the University of Michigan. The UK avoided a recession in Q4 2022, though its forward economic outlook suggests a weaker …

As the US Fed makes its decision later on Wednesday, the GBP/USD pair remains firm. A busy US economic calendar was not enough to lend support to the US dollar, which is under pressure amid the current risk-off situation.According to the ADP National Employment Change report, private hiring increased by …

The Sterling continued to weaken versus the US dollar ahead of the Fed’s interest rate decision. US inflation continues to impact the pair as the Employment Cost Index drops. The International Monetary Fund expects the UK economy to hit a recession in 2023. The Sterling has extended its losses for …