Tag Archives: gbp/usd

The GBP/USD pair has surged by over 0.35% during the mid-North American trading session, reaching a peak at 1.2517 before stabilizing at 1.2495.Market odds suggest a less than 10% chance of a rate hike by June 2024, with speculation suggesting the Bank of England may have ended its monetary policy …

The GBP/USD is trading flat but but erratic as it attempts to stay above the 1.2400 handle. The midweek rally in the Pound Sterling remains vulnerable as markets pare back gains. The GBP is consolidating due to weak UK data.As the pair struggles to break above the upper end of …

The US Dollar Index rose marginally on Thursday, finishing around 104.40, despite weak economic data and the decline in US yields. Economic DataUS Continuing Jobless Claims reached the highest level since 2022, with Initial Claims rising to 231,000. Industrial Production declined by 0.6% in October, exceeding the expected contraction. The …

China’s retail sales and industrial production figures, Australia’s Wage Price Index, and Japan’s Q3 GDP are set to be released on Wednesday. The US dollar experienced a sharp decline in October due to increased inflation, which led to a drop in the Dollar Index (DXY). The 10-year yield fell from …

As softer US CPI data leads to a sharp decline in the US dollar, the GBP/USD pair has surged over 1.80% to trade around 1.2499, namely nearest the 1.2500 level, on the back of the recent US inflation data. October US inflation dropped the most in the last three months …

Gold is still under pressure; it is now trading below $1,950, and it is at its lowest point since October 19. The drop in Treasury yields did not help the yellow metal. Due to the decline in Gold, Silver finished the day unchanged at $22.50.On Wednesday, the US dollar showed …

Weak US economic data has caused the Pound Sterling to rise vertically, increasing market risk appetite. Investors are still awaiting significant monetary policy announcements from the Bank of England and the US Fed, though. The GBP/USD exchange rate is still tense because investors believe the BoE will maintain current interest …

Amidst growing geopolitical tensions in the Middle East, risk aversion remains the driving force behind the financial markets. The GBP/USD pair hit a three-day low of 1.2113, with sellers aiming for the next support level at 1.2100. The US economy is doing well, according to economic data; in September, new …

Due to increased Treasury yields, gold abruptly pulled back from over $1,880 and dropped below $1,870. Similar to Gold, Silver too experienced a fall and fell under $22.00. The 10-year yield jumped from 4.57% to 4.73%, while the 2-year yield increased from 4.98% to 5.07%.The US dollar continues to trade …

The GBP/USD pair has rallied from a daily low of 1.2037 to trade at 1.2144 at the time of writing, despite UK Services PMI and Composite figures indicating a contraction in business activity. The US ADP Employment Change report and ISM Non-Manufacturing PMI reveal a slowdown in private sector hiring …