GBPUSD GBP/USD
- 1.25293
- +0.00055+0.04%
GBP/USD News
Sterling Steady Ahead of U.K. Labor Market Data -- Market Talk
The sterling is steady as investors await the U.K. labor market report due Tuesday. Both average weekly earnings and weekly earnings excluding bonuses are expected to decline slightly, Monex Europe analysts say in a note, citing consensus estimates.
Pound Sterling Holds Onto Gains With Eyes on UK Employment, US Inflation Data
The Pound Sterling (GBP) exhibits strength above the psychological support of 1.2500 against the US Dollar (USD) in Monday’s London session. The GBP/USD pair holds firmly as the US Dollar struggles to recover higher-than-expected Initial Jobless Claims for the week ending May 3, which raised concerns over the health of the United States labor market.
Murrey Math Lines: EUR/USD, GBP/USD
EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI is testing the resistance line. In this situation, the price is expected to break the 4/8 (1.0772) level and decline to the support at 3/8 (1.0620). The scenario might be cancelled by surpassing the 5/8 (1.0864) level, which might lead to a trend reversal, pushing the pair up to the 6/8 (1.0986) resistance level.
US inflation and retail data are coming this Wednesday! The recent upward economic outlook is predicted or threatened
Two important reports to be released this Wednesday, the consumer price index and retail sales data, may reveal threats to the US economic outlook.
Forex Today: Focus Remains on Fedspeak in Absence of High-impact Data
Financial markets remain quiet to start the new week and major currency pairs fluctuate near the previous week's closing levels. The economic calendar will not offer any high-tier data releases on Monday and investors will continue to scrutinize comments from central bank officials.
S&P Global: High interest rates put pressure on the number of bankruptcy filings of US companies in April to a new high in a year
S&P Global said that the number of US companies filing for bankruptcy last month surged to the highest level in a year, indicating that companies are continuing to feel pressure from high interest rates.
U.S. Dollar Showing Signs of Fatigue -- Market Talk
The U.S. dollar is showing signs of fatigue amid weaker U.S. economic activity, buoyant risk appetite, and Japan's FX policies inhibiting local currency weakness, says Paul Mackel, global head of FX research at HSBC.
GBP/USD Hovers Above 1.2500, Focus on UK Labor Data Scheduled for Tuesday
GBP/USD edges higher to near 1.2520 during the Asian session on Monday, possibly due to improved risk appetite.
The key indicator that determines the Fed's interest rate cut: rent!
Housing inflation weighs up to one-third of the CPI index and one-sixth of the PCE price index. Nick Timiraos said that in order for the inflation rate to return to the 2% level, the housing inflation rate must be reduced from the current 5.8% to around 3.5%.
US CPI hits with “horror data,” and Powell and other officials have successively introduced interest rate cut deals this week to face another major test
This week, key data will be released, including the US CPI, which investors are extremely concerned about, and retail sales known as “horror data.”
GBP/USD Testing Daily Resistance Ahead of UK Data
Sterling ended the week a touch lower versus the US dollar, down -0.2% and snapping a two-week bullish phase.
Stubborn Inflation Poses Risk to Recently Upgraded US Forecasts for Economic Growth
So far, 2024 isn’t going quite how it was supposed to for the US economy: Inflation has been higher than expected and household spending seems to have lost some momentum.
US Dollar's Path Tied to Inflation Outlook; Setups on EUR/USD, USD/JPY, GBP/USD
Weekly Forex Analysis: EUR/USD, GBP/USD, AUD/USD and More [Video]
Weekly forex forecast covers forecast on EUR/USD, GBP/USD, AUD/USD, NZD/USD, and USD/CAD forecast. Our weekly forex forecast covers technical analysis, price action on major forex pairs, assets using the high-timeframes and market environment.
Weekly review: Policy differences between the European and American central banks ignite the foreign exchange market. The hawkish stance of the Federal Reserve clashes with the market's expectations of interest rate cuts
The core focus of the foreign exchange market this week is the policy differences between the European and American central banks. On the US side, despite the double pressure of slowing employment growth and falling consumer confidence, Federal Reserve officials maintained a hawkish stance, stressing that high interest rates will continue for a longer period of time. This position is in stark contrast to the market's expectations that the Federal Reserve will cut interest rates before the end of the year, causing market fluctuations.
Bank of England Heads for Historically Slow Rate Cutting Cycle
When central banks start cutting interest rates, they usually move quickly. The Bank of England may choose a more cautious path when its nine-member Monetary Policy Committee decides the time has come to reduce borrowing costs.
No interest rate cuts this year? Federal Reserve officials continue to “hawk”
Currently, the market generally expects that the first drop of the Federal Reserve will occur in September, and that interest rates will only be cut once during the year.
Fed's Barkin: Inflation Will Hit 2% With Appropriate Time and Policy
The current economy calls for a deliberate and patient approach.
Fed's Kashkari: I Am Cautious About Monetary Policy, Can't Rule Out Another Hike
I am in wait-and-see mode about the future of monetary policy.
Fed's Goolsbee: Housing Remains a Significant Inflation Challenge
Further comments from Chicago Federal Reserve (Fed) President Austan Goolsbee highlighted the Fed's ongoing battle with stubborn inflation that refuses to cool off to the US central bank's 2% target.