GBP
GBP, Institutional
GBPUSD rises after UK GDP and industrial production data
UK GDP grew by 0.4% m/m, compared with expectations of 0.0% and 0.3% previously. GBPUSD chart (H1 interval) Source: xStation5
by Currency Hedger
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- 3 weeks ago
GBP
British Pound rises as US Dollar weaken ahead of PPI data
GBP/USD extends its winning streak for the fifth consecutive day, trading around 1.3540 during the Asian hours on Thursday. Market participants are closely watching the upcoming US Producer Price Index (PPI) data due on Thursday and Consumer Price Index (CPI) data on Friday, as these inflation reports could provide vital hints regarding the Federal Reserve’s monetary […]
by Currency Hedger
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- 3 weeks ago
EUR, GBP
Euro remains steady against British Pound Gains due to ECB rate hike bets
EUR/GBP remains steady after experiencing volatility, hovering around 0.8580 during European hours on Wednesday. However, the currency cross may gain ground as the Euro (EUR) could receive support ahead of the looming European Central Bank (ECB) monetary policy decision. The ECB is widely expected to hike interest rates at its September policy meeting on Thursday, driven by surging […]
by Currency Hedger
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- 4 weeks ago
GBP, JPY
British Pound dips to 207.50 as Japanese Yen rallies, unfazed by Oil prices
The British Pound (GBP) extends losses on Wednesday as the Japanese Yen (JPY) rallies across the board, with investors bracing for a quarter-point rate hike by the Bank of Japan (BoJ) at next week’s monetary policy meeting. The GBP/JPY’s rebound from year-to-date lows at 207.10 was capped at the 209.00 area on Tuesday, and the pair retreated […]
by Currency Hedger
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- 4 weeks ago
GBP, Technical Analysis
GBP drifts higher to near 1.3550 on UK fiscal discipline pledges
The GBP/USD pair gains ground to near 1.3545 during the Asian trading hours on Tuesday. The British Pound (GBP) edges higher against the US Dollar (USD) after UK Chancellor John Healey unveiled a series of measures designed to encourage economic growth and draw more private investment into the UK. Healey promised to cut regulatory barriers to UK […]
by Currency Hedger
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- 4 weeks ago
GBP, Institutional
U.K Chancellor keeps Budget under wraps, as he promotes growth, growth, growth
John Healey’s first speech as Chancellor has had a minimal effect on UK Gilt markets. The 2-year yield is up less than 2 basis points this morning, and the 10-year Gilt yield is up by 1bp, in line with the movement in yields elsewhere. Sterling is also up a notch, but overall, the new Chancellor […]
by Currency Hedger
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- 4 weeks ago
GBP, Institutional, Technical Analysis
British Pound edges higher against US Dollar, UK Chancellor Healey’s speech eyed
The British Pound (GBP) is marginally higher at around 1.3525 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair ticks up as the US Dollar struggles to attract bids despite the United States (US) Bureau of Labor Statistics (BLS) posting strong Nonfarm Payrolls (NFP) figures for August. At press time, the […]
by Currency Hedger
- 0 Comments
- 4 weeks ago
EUR, GBP
Euro pulls back against a firmer British Pound following hawkish BoE rhetoric
The Euro (EUR) trades lower against the British Pound (GBP) on Friday, snapping a four-day rally, after hawkish comments from Bank of England (BoE) committee member Huw Pill provided a fresh boost for the Cable on Thursday. The EUR/GBP pair retreated from one-month highs, a few pips above 0.8600, and is testing support at a previous resistance area around 0.8585 […]
by Currency Hedger
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- 1 month ago
GBP, Technical Analysis, USD
GBP strengthens above 1.3500 as BoE stays hawkish, traders brace for US NFP data
The GBP/USD pair edges higher to around 1.3530 during the early European trading hours on Friday. Hawkish rhetoric from a Bank of England (BoE) policymaker provides some support to the British Pound (GBP) against the US Dollar (USD). Traders will keep an eye on the US August employment report later on Friday. Bank of England (BoE) Chief […]
by Currency Hedger
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- 1 month ago
GBP, JPY
Pound Sterling falls to one-month low against surging Japanese Yen
GBP/JPY extends its steep decline on Thursday as the Japanese Yen (JPY) strengthens sharply across the board for the second consecutive day. The cross fell 1.13% on Wednesday and is down around 1.60% at the time of writing, trading near 210.60, its lowest level in a month. Sellers are now eyeing the post-July coordinated intervention […]
by Currency Hedger
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- 1 month ago