Tag Archives: gbp/usd

The British pound has a very busy week as traders digest employment data, Tuesday, inflation on Wednesday and retail sales on Friday.Economists expect 3.9% UK inflation for October, strengthening rate hike by BoE’s December meeting to suggest three scenarios:1. Within expectations: A reading between 3.6% to 4.4% meets estimates. In …

Following Tuesday’s strong retail sales and industrial production readings, the GBP/USD pair has fallen back from earlier session’s highs in the 1.3470s and is back trading around 1.3430s. Earlier during the European trading session, the pair had surged as much as 0.5%, boosted by a strong labour market report that …

The GBP/USD pair is being pressured at the start of the week, down by about 0.3% after sliding from a high of 1.3669 to a low of 1.3608 so far and staying close to a three-week low. Central banks are the focus for the week with uncertainty as to whether …

The US Dollar is firmly up on Thursday over the back of inflation-related concerns in addition to the decline of U. S. Initial Jobless Claims for the second week, at 290K. Meanwhile, the British pound has extended its slide below 1.3800 during the New York session, with losses at 0.26%, …

GBP/USD has retreated from the daily high around 1.3733, and advanced by 0.20% during the New York session, trading at 1.3688.The British pound could not hold to the 1.3700 level, broke the latter in a counter-trend move, which in 4-hours witnessed a 60 pip drop.Market sentiment has driven trading decisions …

Awaiting the end of the North American trading session, the British pound has fallen again during the trading session on Wednesday, to crash 1.35.The GBP/USD pair crashes below 1.3500, down by 0.84%, and is trading at 1.3422. The pair has not been able to recover since Tuesday’s collapse of almost …

GBP/USD has tumbled under 1.35, extending its rapid decline. The currency pair hast hit a low of 1.3473, a level last seen in January. The US dollar index continues to rise on Wednesday, for the fourth consecutive day. The dollar index was able to reach its levels during 2021 thanks …

The British Pound (GBP) extended its losses against the rising U.S. Dollar (USD) for the second consecutive session. The GBP/USD pair lost 0.38% to reach 1.3785, logging its largest single-day decline since August 26. Markets are closely anticipating the upcoming policy meeting for the Bank of England (BoE) later this …

The British Pound (GBP) fell on Monday against the U.S. Dollar by 0.14%, as the greenback strengthened across the board, amid thin trade with the Labor Day holiday in North America. The GBP/USD pair declined by 0.14% to 1.3838, snapping a three-session rising streak and logging its biggest drop since …

The British Pound (GBP) fell against the U.S. Dollar (USD) as the greenback rose across the board for the first time in five sessions. The Sterling registering its biggest loss to the USD since August 19. The GBP/USD pair declined by 0.47% to the level of 1.3699. The pair has …