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UK economic growth beats forecasts, easing pressure on Bank of England to cut aggressively. – vtmarkets.com
UK trade diplomacy and ECB divergence could keep GBP supported despite short-term pullback. – vtmarkets.com
GBP/USD hits 1.2238, its lowest since Nov 2023, as bearish momentum persists; focus shifts to key 1.2039 support level. – vtmarkets.com
GBP/USD holds near 1.2200 as traders eye UK inflation data, which could shape BOE’s next move with a 25 bps hike likely in November. – vtmarkets.com
Euro and the British pound trades directionless as forex markets react to China’s rate cuts and Biden’s election decision. Read more for market analysis and forecast
The GBPUSD pair reached a one-year high, driven by stable UK inflation and resilient wage growth, while the US dollar faces a challenging week.
US dollar retreats as cooling inflation fuels rate cut speculation. Euro and pound surge while volatility spikes for yen. More about the market implications and forecasts.
The U.S. dollar hovered near three-week lows on Friday, anticipating the release of payrolls data that could influence the outlook for interest rates. Meanwhile, the pound remained firm as the Labour party seemed poised to secure a significant majority in …
The dollar faced pressure on Thursday following U.S. economic data that indicated slowing growth. Despite this, the yen remained weak, pinned near a 38-year low, prompting concerns about possible government intervention.
Key points: Sterling last bought $1.2719 Dollar slipped 0.05% against the yen to 157.99 Euro rose 0.03% to $1.0747 The British pound held broadly steady on Thursday as the market awaited the Bank of England’s (BoE) rate decision. The dollar, …
