GBPUSD GBP/USD
- 1.26647
- -0.00556-0.44%
GBP/USD News
GBP/USD Price Analysis: Extends Losses Past 1.2700, Traders Eye 100-DMA
The Pound Sterling collapsed during the North American session, below the 1.2700 figure after the Bank of England (BoE) decided to keep rates unchanged but hinted at a possible cut in the summer.
US Dollar Overlooks Jobless Claims Miss, Deeper Current Account Deficit
The US dollar maintained gains over most other major currencies in early North American trade on Thursday even after weekly unemployment claims came in higher than was expected, and the current account deficit deepened.
In the week of June 15th, the USA first applied for 238,000 people, a decrease of 5,000 from the previous month.
The number of new hires has slightly increased, with the 4-week moving average reaching the highest level since September of last year.
US Initial Jobless Claims Falls Less Than Expected in Week Ended June 15
Initial claims were at a level of 216,000 in the May 18 employment survey week.
After the seventh consecutive "standstill", the Bank of England hinted at an interest rate cut approaching.
The Bank of England decided to keep the benchmark interest rate at 5.25%, marking the seventh consecutive time that the bank has kept rates unchanged.
Bank of England Holds Off on Rate Cut Despite Easing Inflation -- 2nd Update
The Bank of England left its key interest rate at a 16-year high Thursday, but signaled it may follow a growing number of its European peers by lowering borrowing costs over the coming months.
Traders Bet on August Rate Cut as BOE Shows Willingness to Ease
Traders are betting the Bank of England will cut interest rates in August after policymakers signaled they are willing to start easing monetary policy.
British pound falls! The Bank of England kept interest rates unchanged in June, but sent out a signal to cut interest rates!
Traders have raised the probability of an interest rate cut in August to 50% and have nearly digested two 25 basis point interest rate cuts this year.
Bank of England sends signal of impending interest rate cut, traders expected to take action in August.
After policymakers in the United Kingdom's central bank hinted at easing monetary policy, traders bet that the central bank would cut interest rates in August. The currency market currently believes that the likelihood of the central bank cutting interest rates by 25 basis points at the next meeting is over 50%, up from only 32% before Thursday's decision. Traders have also raised their expectations for the magnitude of easing this year, nearly digesting two rounds of 25 basis points interest rate cuts. Earlier, the Bank of England kept interest rates unchanged at 5.25%, but said it was a difficult decision not to cut interest rates for some of the nine members of the monetary policy committee. One day earlier, data showed that UK inflation was at its highest level in almost three years.
Survey: Inflation causes 46% of Americans to struggle to maintain a balance between income and expenses.
According to a latest public opinion survey, nearly half of Americans reported that recent inflation surges have made it difficult for them to maintain a balanced income and expenditure. The survey, released by Monmouth University on Wednesday, showed that 46% of Americans are currently struggling to maintain their financial situation, which is the highest record since President Biden took office and far exceeds the level during the previous administration. Monmouth University stated in its report, 'The percentage falls between 37% and 44% in public opinion surveys conducted between 2022 and 2023. In contrast, the
Bank of England Keeps Rates Steady, Eyes August for Inflation Review
By Steve Goldstein The Bank of England on Thursday decided to keep interest rates steady, possibly the last meeting it does so after inflation returned to its target. By a 7-to-2 vote, the U.K. cent
The market is focused on the policy decisions of the Bank of England, technical analysis of EUR/USD, GBP/USD, and USD.
The United Kingdom's monetary policy summary and official bank interest rates will be announced at 19:00 Beijing time. The trading price of the USD index is currently 105.460, up 0.21%. The pivot point of 105.216 is crucial for determining the next price trend. The immediate resistance level is at 105.449, followed by 105.608 and 105.816.
On June 19, Stanchart spent approximately 7.8685 million British pounds to repurchase 1.0835 million shares.
Stanchart (02888) announced that it will spend approximately 7.8685 million British pounds to repurchase 1.0835 million shares on June 19, 2024, with a repurchase price per share of 7.218-7.306 British pounds.
BoE Set to Leave Interest Rates Unchanged Could Deliver Cautious Message on Inflation
The Bank of England is expected to keep its policy rate unchanged.
GBP/USD Price Analysis: Consolidates Above 1.2700 Mark as Traders Await BoE Policy Update
The GBP/USD pair trades with a mild negative bias during the Asian session on Thursday and moves further away from the weekly low, around the 1.2740 area touched the previous day.
With the upcoming election and high inflation in services, the Bank of England may delay its interest rate cut.
Zhixin Finance learned from the APP that the Bank of England will make a monetary policy decision on Thursday. Three weeks ago, British Prime Minister Rishi Sunak's move to call for a general election almost ruled out the possibility of central bank decision-makers announcing interest rate cuts this time. At this interest rate meeting, the Bank of England may acknowledge the decisions they have made. The UK inflation data released on Wednesday only further demonstrated the possibility of continuing to observe the direction of price pressure in the next few weeks. Although UK inflation in May slowed for the first time in nearly three years to the Bank of England's target of 2%, services inflation is still almost three times that level. Investors and analysts expect that the UK's analyst
GBP/USD Finds a Foothold Ahead of BoE's Upcoming Rate Call
GBP/USD elbowed its way firmly above 1.2700 in quiet Wednesday trading as GBP traders gear up for Thursday’s latest outing from the Bank of England (BoE), which is expected to keep rates on hold at 5.25% even as UK economic data continues to miss the mark, but not badly enough to spark institutional fears of an outright recession.
Dollar Index to Trade in Range – OCBC
USD traded modestly softer as US retail sales disappointed. Fed speakers are hesitant to define the date for the next rate cut, OCBC FX Strategist Christopher Wong notes.
UK Inflation in Line With Expectations but Services Still Too Hot – ING
The latest UK services inflation numbers are a bit disappointing for the Bank of England (BoE), and the latest figure is 0.4ppt above what it had forecast back in the May monetary policy report, ING’ FX Strategist Francesco Pesole suggests.
GBP/USD Price Analysis: Climbs Back Above 1.2700 on US Holiday
The Pound Sterling modestly gains versus the Greenback on Wednesday, amid thin liquidity conditions, due to US traders being in observance of Juneteenth.