GBP

GBP/USD extends its losses for the second successive day, trading around 1.3140 during the Asian hours on Wednesday. The pair depreciates as the Pound Sterling (GBP) struggles amid growing expectations that the Bank of England (BoE) will cut interest rates in December. Analysts at Morgan Stanley, Citigroup, and UBS Global Research have shifted their stance and expect […]

The British pound weakened to $1.31 after weaker-than-expected labor market data strengthened expectations of a Bank of England interest rate cut next month. Regular pay growth slowed to 4.6% in the third quarter, the weakest since February–April 2022, while total pay, including bonuses, rose 4.8%, slightly below forecasts of 4.9%. Meanwhile, the unemployment rate climbed […]

GBP/USD climbed on Thursday, driven into the high side by over-extended bearish price action that has plagued the pair, as well as a surprisingly close Bank of England (BoE) vote on interest rate moves that gave investors hope that the BoE might be moving to support the UK’s flagging economy despite still-high inflation metrics. The BoE’s […]

The British pound fell toward $1.310, its weakest level since April, after Chancellor Rachel Reeves’ speech signaling upcoming tax hikes, while investors awaited Thursday’s Bank of England meeting. Markets now see about a near-50/50 chance of a 25-basis-point rate cut this week, up from near zero after softer inflation and other weak economic data. Reeves, […]

Facts: Recommendation: Source: xStation5 Opinion GBPUSD remains in a downward trend, which began in September in response to the weakness in the UK long-term bond market and growing concerns about the 2026 budget. The planned tax increases—both corporate and income—are intended to boost fiscal revenues necessary to finance struggling public services and improve productivity through […]

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/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, […]

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 […]