USDGBP USD/GBP
- 0.7869
- -0.0024-0.30%
USD/GBP News
Sterling Seen Rising If BOE Delays Rate Cuts to August -- Market Talk
Sterling is likely to strengthen against the euro to post-brexit highs if the Bank of England waits until August to start cutting interest-rates, Monex Europe forex analyst Nick Rees says in a note.
US Dollar Continues Long Road to Recovery Despite Slew of Softer Data
The US Dollar (USD) is continuing its recovery on Friday for a second day in a row after the steep decline seen on Wednesday, which marked this week for the Greenback.
BlackRock's Rieder Says Cut, Not Hike, Would Tame US Inflation
Rieder pointed to sticky inflation across service sectors, like auto and health insurance, as evidence.
Dollar Expected to Be Supported Near Term, Might Weaken Over Medium Term -- Market Talk
The U.S. dollar should weaken further over the medium term, UBS strategists say in a note. "While the U.S. dollar may be supported in the near term as the European Central Bank and the Bank of England are likely to start lowering rates ahead of the Fed, we expect modest USD depreciation as growth outside the U.S. improves," they say.
Pound Sterling Holds Strength Near 1.2700 Although US Dollar Stabilizes
The Pound Sterling (GBP) turns sideways in Friday’s London session after posting a fresh monthly high at 1.2700 on Thursday. The GBP/USD pair struggles to extend upside as investors shift focus to the United Kingdom Consumer Price Index (CPI) data for April, which will be published on Wednesday.
Forex Today: More Fedspeak on the Agenda Heading Into the Weekend
Following the sharp decline seen after April inflation data on Wednesday, the US Dollar Index managed to stage a modest rebound on Thursday and closed the day in positive territory. On Friday, Eurostat will release revisions to April Harmonized Index of Consumer Prices (HICP) data. Later in the day, investors will remain focused on comments from Federal Reserve (Fed) officials in the absence of high-impact data releases from the US.
The US economy started weakly in the second quarter, and the Fed's interest rate cuts have stabilized again?
A series of reports released this week showed that the US economy started slowly in the second quarter, further proving that demand is cooling down, which will help lay the foundation for the Federal Reserve to cut interest rates.
Throw cold water on interest rate cuts! The “hawks” of the four major voting committees of the Federal Reserve are repeated, and the prospects for interest rate cuts in September are bleak?
The Federal Reserve is in no hurry to cut interest rates until more evidence of slowing inflation arrives.
Support adding another member to the long-term high interest rate camp Barkin: The Federal Reserve needs more time to stabilize its inflation target
In order to meet the 2% inflation target set, it is necessary for the Federal Reserve to maintain high borrowing costs for a longer period of time.
GBP/USD Posts Modest Gains Above 1.2650, Focus on the Fedspeak
The GBP/USD pair posts modest gains near 1.2670 during the early Asian session on Friday.
Cleveland Federal Reserve Chairman: Core inflation is still very high and current interest rates help stabilize the economy
Meester says current interest rates should be kept unchanged
The No. 3 person in the Federal Reserve commented on the US CPI: the overall trend is positive, but it is not enough to push for a quick interest rate cut
New York Federal Reserve Chairman Williams said that although the latest economic data should not be overemphasized, the CPI cooling in April was a positive development after experiencing disappointing data from previous months. However, there is still insufficient confidence that price pressure will continue to advance towards the Fed's 2% inflation target, so interest rates will not be cut for the time being.
Why the Post-Fed Stock-market Rally Is Raising Fresh Inflation Questions
Over much of this month, stock investors have enjoyed a rally, helped by easing monthly consumer-price gains for April and the Federal Reserve's willingness to put low chances on a future interest-rate hike despite the first quarter's upward surprises on inflation.
Forex Today: Cautious Fedspeak, Data Bolstered the Dollar
The Greenback regained some balance and managed to partially reverse its recent strong sell-off, particularly in the wake of the US CPI.
April CPI: Worst Good News Ever
The monthly rise in prices based on the Consumer Price Index (CPI) came in slightly lower than projected, sending a wave of euphoria across the financial landscape.
Fed's Mester Suggests Interest Rates Should Stay High for Longer
Several Federal Reserve officials said the central bank should keep borrowing costs high for longer as policymakers await more evidence inflation is easing, suggesting they’re not in a rush to cut interest rates.
U.K. Inflation to Settle Below 2% Target, CE Says -- Market Talk
Inflation in the U.K. could soon be "too low", beneath Bank of England forecasts that expect it to rebound after a fall in April, Capital Economics' chief U.K. economist Paul Dales says.
GBP/USD Price Analysis: Cable Retreats as Buyers Struggle to Clear 1.2700
The Pound Sterling erased Wednesday’s gains against the US Dollar as investors pushed the major to new weekly highs on the disinflation evolution in the United States (US).
Analyst: CPI data may not have prompted the Federal Reserve to cut interest rates in September
The April inflation data released by the US on Wednesday cooled down more than expected, making US stock market traders seem increasingly convinced that the Federal Reserve may start cutting interest rates as early as September. However, some analysts are unsure about the prospects of cutting interest rates soon. The US Department of Labor Statistics (BLS) reported on Wednesday that the US Consumer Price Index (CPI) rose 0.3% month-on-month in April compared to March, slightly lower than the 0.4% increase estimated by the market. Weaker-than-expected CPI data drove the US stock market to a record high on Wednesday and sparked speculation about how long the Federal Reserve is preparing to start cutting interest rates. According to CME's US Federal Reserve Watch Tool
America Is Still Headed for a Soft Landing -- Heard on the Street -- 1st Update
Is Goldilocks back already? Certainly the bears are nowhere to be seen.