The Pound Sterling (GBP) stays under pressure against its major peers on Friday. The British currency has underperformed this week as investors worry that United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves might face backlash in the upcoming budget later in November due to escalating fiscal risks. Lately, the UK Office for Budget Responsibility (OBR) has […]
GBP
GBP
GBP
31
Oct
Oct
GBP/USD treads water above 1.3150 as Fed rate cuts climb
GBP/USD inches higher after three days of losses, trading around 1.3160 during the Asian hours on Friday. The pair holds ground as the US Dollar (USD) struggles amid improving Federal Reserve (Fed) rate cut bets. According to the CME FedWatch Tool, markets are now pricing in 71% probability of a Fed rate cut in December, […]
30
Oct
Oct
Pound Sterling remains fragile against US Dollar on improving US-China trade relations
The Pound Sterling (GBP) ticks down to near 1.3185 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair faces pressure as the US Dollar has recovered its early losses, following comments from United States (US) President Donald Trump and China’s commerce ministry after the meeting between Trump and Chinese leader Xi […]
29
Oct
Oct
GBP/USD falls to near 1.3250 due to increased BoE rate cut bets, Fed policy awaited
GBP/USD loses ground for the second successive session, trading around 1.3250 during the Asian hours on Wednesday. The pair weakens as the Pound Sterling (GBP) declines following data from the British Retail Consortium (BRC) showing UK food prices falling at the fastest pace in nearly five years, strengthening expectations of upcoming Bank of England (BoE) […]
28
Oct
Oct
GBP/JPY slides below 203.00 as JPY gains strong traction on intervention speculation
The GBP/JPY cross attracts some selling during the Asian session on Tuesday and for now, seems to have snapped a three-day winning streak to the 204.25 region, or a nearly three-week high touched the previous day. Spot prices slide below the 203.00 mark in the last hour and seem vulnerable amid a goodish pickup in […]
28
Oct
Oct
GBP/USD gathers strength above 1.3350 on Fed rate cut hopes
The GBP/USD pair gains ground to near 1.3365 during the early European session on Tuesday. The US Dollar (USD) weakens against the Pound Sterling (GBP) amid the expectation that the Federal Reserve (Fed) will cut interest rates in the monetary policy announcement on Wednesday. The recent softer-than-expected US Consumer Price Index (CPI) inflation data released on Friday has […]
27
Oct
Oct
EUR/GBP declines as BoE and ECB divergence, French political risks weigh
EUR/GBP retreats on Monday, ending a three-day winning streak, and trades around 0.8725 at the time of writing, down 0.15% for the day. The pair remains just below the 0.8750 resistance area, a one-month high reached on Friday. Expectations for further easing by the Bank of England (BoE), together with concerns over the United Kingdom’s (UK) […]
27
Oct
Oct
GBP/USD: Likely to trade in a range between 1.3295 and 1.3360 – UOB Group
Pound Sterling (GBP) could trade in a range between 1.3295 and 1.3360. In the longer run, for a continued decline, GBP must first close below 1.3295, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. GBP to continue declining, if it falls below 1.3295 24-HOUR VIEW: “Last Thursday, GBP dropped to a low […]
27
Oct
Oct
Pound Sterling struggles against US Dollar as UK labor market risks linger
The Pound Sterling (GBP) gives up early gains against the US Dollar (USD) on Monday, flattening at around 1.3310 during the European trading session and on track to extend its losing streak for a seventh trading day. The GBP/USD pair falls as investors seem to see the glass half-empty regarding the state of the United […]
Learn to Trade
Merchant Services
Currency Risk Management
