Tag Archives: sterling

The GBP/USD has fallen by nearly eight-tenths of a percent on Monday, as investors retreated into safe havens due to a global slowdown. The Pound Sterling has shed three-quarters of a percent against the US Dollar, while the rest of the FX market is facing a risk-off bid from the …

As the Euro declines in value relative to the Pound Sterling, the Euro/GBP is testing 0.8640. Consumer confidence in the eurozone does not change, but the business outlook does. The Euro is expected to lose ground to the Pound Sterling, setting up the pair for a fifth day of losses …

The EUR/GBP pair reached a weekly peak at 0.8711, driven by concerns over the UK’s economic stagnation and potential stagflation. UK GDP forecasts suggest a possible contraction in Q3, with expectations of a -0.1% decrease in QoQ, pressuring the Pound.The Bank of England’s mixed signals, with Governor Bailey’s cautious stance …

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 …

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 Pound Sterling is facing intense selling pressure due to the stable US core Consumer Price Index (CPI) for September, which has weakened the risk appetite of traders and market participants. UK factory data for August contracted for the second time in a row, as firms cut heavily on input …

The Pound Sterling has experienced a sell-off due to the Middle East conflict, affecting the market mood. UK manufacturing and construction activities are currently in a vulnerable phase due to higher mortgage rates. The Fed is expected to keep one more interest rate hike in consideration, while the Bank of …

The GBP/USD pair is experiencing a backslide as the Pound Sterling weakens against the dollar. US data supports the USD, while the UK data-light calendar leaves the GBP to twist. The pair is expected to see US & UK GDP and US PCE on Friday. On Wednesday, US Durable Goods …

The GBP/USD pair has experienced a 0.46% loss due to risk aversion following the Bank of England’s decision. The Fed’s higher-for-longer stance continues to support the Greenback, with speakers emphasizing the need for another rate hike and sustained high rates. The Sterling is expected to weaken against the US Dollar, …

to kick off the trading week, the EUR/GBP pair is decisively climbing over the 0.8600 handle and extending upwards as the Bank of England (BoE) looms over the horizon.Sterling bulls hope to survive this week’s UK inflation data before BoE rate call. The Bank of England is broadly expected to …