Posts Tagged ‘FED’
Sterling Gains Ground, Eurozone Inflation in Focus, and USD Eyes Jobs Report for Direction
GBP Sterling has held up well following its shaky start to the new year, trading firmly above 1.20 against the Euro (currently 1.2051) and pushing above 1.25 against the Dollar (currently 1.2570). It’s a quiet week ahead for UK data. This morning’s BRC Like-for-Like Retail Sales figures for December came in at +3.1%, significantly beating…
Read MoreGBP Braces for BoE Rate Decision; EUR and USD Eyes Turn to ECB and U.S. Election Outcomes
GBP The spotlight in the UK FX market is on Thursday afternoon, when the Bank of England (BoE) will announce its latest interest rate decision. Currently, inflation has eased to 1.7%, below the BoE’s target of 2%. Markets are widely anticipating a 0.25% rate cut, which would bring the base rate to 4.75% Despite the…
Read MoreSterling Rises on Strong UK Inflation, Markets Eye Fed’s Interest Rate Decision
GBP The British Pound strengthened during Wednesday’s London session following hotter-than-expected UK inflation data for August. At the time of writing, GBP|USD was nearing 1.3220, while GBP|EUR held around 1.1875. Volatility is expected later today with the Federal Reserve’s monetary policy decision at 18:00 GMT. According to the Office for National Statistics, core Consumer Price…
Read MoreSterling Upbeat on Economic Growth, Euro Flattens & Dollar Shows Strength Amid Election Speculation
GBP Sterling has experienced significant movement as of late, boosted by a resilient economy and hopes for political stability. Top tier banks are optimistic about the Pound’s performance, with forecasts suggesting it will continue to strengthen. This year, the Pound has been the best-performing major currency, climbing around 2% against the Dollar to 1.30 (now…
Read MoreSterling Under Pressure, Eurozone Awaits Key Data, US Dollar Reacts to Fed Signals
GBP Sterling faced rejection once again at the $1.28 level against the US Dollar but is still holding strong above €1.18 against the Euro. Last week investors were seeing less than a 50% chance of an interest rate hike in August. This, combined with the European Central Bank cutting rates last week, pushed the Pound…
Read MoreSterling Showing Strength, Euro Awaits ECB Speech & Dollar Struggles for Recovery
GBP Sterling has faced notable volatility over recent weeks, primarily due to the Bank of England’s decision to maintain interest rates at 5.25% for the sixth consecutive time on May 9th. This decision initially triggered a sharp sell-off, causing GBP/EUR to dip to around 1.1605 and GBP/USD to fall to approximately 1.2450. However, both currency…
Read MoreGeopolitical Tensions Drive Investors to USD
GBP Sterling took a hit, sliding to its lowest point against the Dollar since November, now hovering just above the 1.24 mark, all down to Dollar strength, mainly due to tensions in the Middle East boosting the Dollar’s safe-haven appeal. Sterling is trading better against the Euro, trading around 1.1710, with the Euro weakness mainly…
Read MoreSterling Strengthens, ECB Decision Looms, and Dollar Faces Uncertainty
GBP Sterling has seen a modest uptick against the Dollar this week, with GBP|USD hovering just below the 1.27 mark. Meanwhile, GBP|EUR has remained relatively stable around 1.1670 since early April. Speculation about potential interest rate adjustments by the Bank of England has intensified, ahead of the June meeting. Recent months have seen UK inflation…
Read MoreSterling Holds Ground, Eurozone Struggles, USD Faces Fed Speculation
GBP Sterling has displayed resilience in the face of recent dovish sentiments from the Bank of England, with GBP|EUR hovering around 1.1675 and GBP|USD at 1.2565 as of the time of writing. However, Sterling remains susceptible due to various factors, including a slowdown in inflation and a generally gloomy market sentiment. According to the British…
Read MoreCentral Banks’ Policy Signals and Economic Outlooks
GBP Last week saw a dip in Sterling following the Bank of England’s decision to maintain interest rates at 5.25%, marking it the fifth consecutive meeting without a change. Markets interpreted this as a gradual shift towards a dovish stance by the BoE, notably as two policymakers, Catherine Mann and Jonathan Haskel (who previously advocated…
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