Tag Archives: gbp/usd

Bank of England (BoE) Governor Andrew Bailey is delivering his remarks on the policy outlook and responding to questions from the press following the bank’s decision to hike the policy rate by 50 basis points to 1.75%. Quotes “We would have had to raise interest rates in double digits last …

Following its August policy meeting, the Bank of England announced that it raised the policy rate by 50 basis points to 1.75% as expected. The policy statement revealed that Monetary Policy Committee (MPC) member Silvana Tenreyro voted to hike the rate by 0.25 basis points.

The GBP/USD pair falls for the second successive day, as sellers hold 1.2200, alongside a risk-on impulse. Broad US dollar strength keeps the American currency afloat against most G10 currencies.Fed officials hawkish comments boosted the dollar and constituted a headwind for the GBP/USD pair. The Bank of England (BoE) is …

The GBP/USD pair has snapped three successive weeks of losses and reclaims a fresh gain around 1.34%. The US S&P Global PMIs reading has flashed and renewed worries about current US economic conditions.The US 2s-10s yield curve remains inverted for 14 consecutive days. The pair recaptures the 1.2000 figure amidst …

Following Wednesday’s voting, Penny Mordaunt has been knocked out of the Conservative leadership contest, leaving Rishi Sunak and Liz Truss to face each other in the run-off to replace Boris Johnson.The winner of the final round is expected to be announced on Monday, September 5, following a postal ballot completed …

Amid a positive market mood, the GBP/USD pair has managed to scales above 1.2000 after a mild correction. Investors focus now on UK Inflation, lower earnings and higher inflation rates may create more problems for the households in the UK.Declining inflation expectations in the US may hurt the Dollar Index …

The GBP/USD pair is recording solid gains in the week by about 1.19%. BoE’s Governor Bailey said that 50 bps rate hikes are on the table in the next meeting. The GBPUSD grinds higher during the New York session, extending its rally to three straight days after falling close to …

Bank of England Governor Andrew Bailey said on Tuesday that a 50 basis points rate increase will be among the choices at the next policy meeting, as reported by Reuters.The GBP/USD pair extended its daily rally and touched its highest level in more than 10 days at 1.2045. As of …

The GBP/USD pair broke above 1.1990 during the American session and jumped to 1.2033, reaching the highest level since July 8. It is hovering around 1.2010/15, up 150 pips for the day, boosted by a weaker US dollar.Generally speaking, there is a significant improvement in risk sentiment. Equity prices ended …

The GBP/USD pair is trading down on the day by some 0.7%, falling from the 1.1892 high to a low of 1.1759. The US dollar resumed its relentless move higher on Thursday, charting new 24-year highs in the Dollar Index that tracks the US dollar against six counterparts up more …