GBPUSD GBP/USD
- 1.26921
- -0.00253-0.20%
GBP/USD News
US: Initial Jobless Claims Increased Less Than Expected Last Week
US citizens that applied for unemployment insurance benefits increased by 215K in the week ending May 18 according to the US Department of Labor (DoL) on Thursday.
Former Bank of England official says early UK elections make interest rate cuts in June less likely
The Zhitong Finance App learned that Michael Saunders (Michael Saunders), a former interest rate setter at the Bank of England, believes that the possibility of interest rate cuts in June has disappeared, but the market may have underestimated the potential chance of cutting interest rates later this year. As a senior adviser at the Oxford Institute of Economics, Sanders pointed out after analyzing higher-than-expected inflation data released on Wednesday that this has drastically reduced the possibility that central bank officials will take action next month. Coupled with the government's decision to hold elections, this probability was further weakened. Sanders made it clear in an interview on Thursday: “The Bank of England itself does not want to be a market
U.S. Economy Loses Pace -- Chicago Fed
U.S. economic growth looks set to weaken, with manufacturing continuing to hold back activity. from a downward
US Dollar Falls Early Thursday Ahead of Busy Data Schedule
The US dollar fell against its major trading partners early Thursday ahead of the release of weekly jobless claims and the Chicago Federal Reserve's national index for April, both at 8:30 am ET.
UK Election Kills Chance of June Rate Cut, Ex-BOE Official Says
Former Bank of England policy maker Michael Saunders said the prospects of an interest rate cut in June are dead for now but that markets are probably under-pricing the chances of a reductions later in the year.
USD technical outlook: EUR/USD, GBP/USD and NZD/USD price trends
EUR/USD regained last week's gains as policy differences widened; GBP/USD remained stable despite the tough wording of the FOMC minutes; NZD/USD was boosted by the Bank of New Zealand's tough statement.
Private Sector Grows Steadily in May Amid Signs of Cooling Services Inflation
The UK’s private sector grew at a steady rate this month, though slower than in April, amid early signs of slowing services sector inflation.
U.K. Survey Data Offers Relief to Bank of England -- Market Talk
U.K. purchasing managers' survey data should provide the Bank of England with some comfort after the stronger-than-expected inflation data for April, Capital Economics economist Andrew Wishart says in a note.
UK Recovery From Recession Loses Pace With PMIs Below Forecast
The UK economy’s recovery lost some momentum in May as activity and price pressures in the services sector started to fade.
US Dollar Technical Outlook: EUR/USD, GBP/USD, NZD/USD Price Setups
US S&P Global PMIs Preview: Economic Expansion Set to Persist in May
On Thursday, S&P Global will issue its flash estimates of the United States (US) Purchasing Managers Indexes (PMIs), a monthly survey of business activity. The survey is separated into services and manufacturing output and aggregated into a single statistic, the Composite PMI.
Pound Sterling Exhibits Firm-footing Ahead as Traders Pare BoE Rate Cut Bets
The Pound Sterling (GBP) clings to gains above the crucial support of 1.2700 in Thursday's London session.
Forex Today: US Dollar Loses Recovery Momentum, Eyes on PMI Surveys
The US Dollar (USD) Index seems to have entered a consolidation phase early Thursday after climbing to a weekly high near 105.00 on Tuesday.
GF Securities: Inflation is no longer the only consideration for the Fed to cut interest rates. We need to balance inflation and the job market
The Zhitong Finance App learned that Guangfa Securities released a research report saying that Federal Reserve officials generally believe that policy interest rates are in a reasonable position and still pay attention to the balance between the level of inflation and the job market. If inflation does not progress further, it is necessary to maintain high interest rates for a longer period of time; in addition, they support reducing the QT scale. The team believes that overall, the Federal Reserve still maintains a data-dependent strategy and has not given a definitive monetary policy path; however, the “central position” of its monetary policy stance has changed slightly: the statement in the minutes shows that inflation is no longer the only consideration for interest rate cuts; balancing inflation and the job market is. First, the Federal Reserve meets every year8
UK inflation is higher than expected, cooling the outlook for interest rate cuts in June
The UK CPI for April was 2.3%, which is expected to be 2.1%. Heated inflation in the UK cooled the Bank of England's interest rate cut in June. Dutch International Group said that although the inflation data “will not change the Bank of England's rules of the game,” the possibility of cutting interest rates in June has decreased.
The minutes of the Federal Reserve meeting destroyed the prospects for interest rate cuts. Analysts: The dollar bulls point to a three-week high
The minutes of the Federal Reserve FOMC meeting clearly showed hawkish signs, and the official slogan of long-term upward trend has been confirmed. The analysis indicates that the dollar bulls will challenge the target price of 105.74. This position is the nearly three-week high hit on May 9.
GAM Multi-Asset Solutions Chief Investment Director: Federal Reserve Officials Don't Seem to Know Anything About US Inflation
Julian Howard, GAM's chief investment director for multi-asset solutions, said Federal Reserve officials seemed “clueless” about the US inflation situation.
GBP/USD Extends the Upside Above 1.2700, Focus on UK-US PMI Data
GBP/USD trades on a stronger note around 1.2720 in Thursday’s early Asian session.
Federal Reserve Meeting Minutes: It may take longer to cut interest rates. Many officials intend to raise interest rates once the risk of inflation is rekindled
Federal Reserve policymakers believe that it will take more time than previously anticipated to be more confident that the inflation target will be met.
The minutes of the Federal Reserve meeting are “buzzing”. If inflation does not continue to move towards 2%, they will consider the possibility of raising interest rates
The Zhitong Finance App learned that on Wednesday, the minutes of the Federal Reserve's May meeting raised concerns about continued inflation, indicating that the central bank may not cut interest rates anytime soon. The Federal Open Market Committee (FOMC) showed in the minutes of the April 30 to May 1 policy meeting that there has been a lack of progress in reducing inflation in recent months. The minutes of the meeting also showed that many participants discussed the possibility of raising interest rates if inflation does not continue to move towards the 2% target. Starting in 2024, inflation is more stubborn than officials expected, according to a series of data. The Federal Reserve is targeting a 2% inflation rate, but all indicators show an increase in prices