USDGBP USD/GBP
- 0.7870
- -0.0004-0.04%
USD/GBP News
The Federal Reserve Board “releases an eagle”! The US neutral interest rate may be higher than in the past ten years, and interest rates may only be cut once in 2024
Atlanta Federal Reserve Chairman Bostic believes that the inflation rate will continue to fall this year and 2025, but the rate of decline in inflation will be lower than many people expected.
U.K. Services Inflation Could Come in Above Forecast -- Market Talk
U.K.'s inflation data for April is likely to show that headline inflation is back to the Bank of England target of 2% while services inflation is expected to come in stronger than markets forecast, ING developed markets economist James Smith says in a note.
US Dollar Ebbs in Europe as Kiwi and Swedish Krona Underperform
The US dollar was struggling for traction near the prior week's lows against many major currencies in early European trade on Monday as global markets looked ahead to a series of scheduled speeches from Federal Reserve officials.
US Dollar Extends Retracement on Fed-packed Monday
The US Dollar (USD) is starting the week as it closed off the previous week: with some easing. Equities are on the front foot this Monday while commodities are trading higher, pushing the Greenback into some easing.
Pound Sterling Shows Resilience After BoE's Broadbent Says Summer Rate Cut Likely
Pound sterling showed resilience in the face of a recovering US dollar and outperformed many other major currencies in early European trade on Monday after Bank of England Deputy Governor Ben Broadbent said that a summer interest rate cut is likely.
Bank of England's Rate Decision Hinges on Services Prices -- Market Talk
Continued rapid rises in U.K. services prices would make the Bank of England think twice about cutting interest rates at its next policy meeting in June, ING economist James Smith writes.
BoE's Broadbent:
Bank of England (BoE) Deputy Governor Ben Broadbent said on Monday that it was possible that the BoE could cut the policy rate this summer, per Reuters.
Murrey Math Lines: EUR/USD, GBP/USD
EUR/USD quotes have broken above the 200-day Moving Average on D1, indicating the potential development of an uptrend.
Ichimoku Cloud Analysis: GBP/USD, XAU/USD, AUD/USD
GBP/USD has gained a foothold above the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2685 is expected, followed by a rise to 1.2855. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel.
BOE's Broadbent Says UK Interest Rates May Be Cut This Summer
Bank of England Deputy Governor Ben Broadbent said UK interest rates may be cut this summer so long as economic data continues to evolve as officials expect.
BOE's Broadbent Sees Possible Rate Cut "Some Time Over The Summer"
The Bank of England could cut its key interest rate over the coming months if wage growth and the rise in services prices show signs of cooling as forecast, Deputy Governor Ben Broadbent said Monday.
Narrow Dollar Range Likely to Remain for Now - Goldman
The U.S. dollar is trading in a calm fashion against the majors of late, and these narrow ranges will likely stay for a while longer, according to Goldman Sachs (NYSE:GS), with divergence having to wait.
Pound Sterling Holds Gains on Improved Market Sentiment, UK Inflation Comes Under Spotlight
The Pound Sterling (GBP) trades close to an almost two-month high around 1.2700 in Monday’s European session. The GBP/USD pair strengthens as the US Dollar (USD) is on the back foot as financial markets remain confident that the Federal Reserve (Fed) will start lowering interest rates from the September meeting.
GBP/USD Advances to Near 1.2700 Due to Rising Expectations for Fed Rate Cuts in 2024
The US Dollar faces a challenge as US Treasury yields inch lower.
Service inflation, commodity deflation! Big Short: The Federal Reserve is making huge policy mistakes
Albert Edwards, a strategist at Société Générale, said that while service inflation is still sticky, commodity inflation has dropped significantly, indicating that the Federal Reserve's monetary policy has been excessively tight, and the pursuit of a 2% inflation target may even lead to a recession.
Has the US run out of excess savings, and is spending peaking?
The inflation data for the next two to three months will basically determine the general pace and direction of interest rate cuts during the year.
Allianz Chief Economic Adviser Mohamed: The Federal Reserve has more reasons to delay interest rate cuts
According to Allianz chief economic adviser Mohamed El-Erian, there is a risk that the Federal Reserve's practice of delaying interest rate cuts to curb inflation will fall behind the situation
Peggy Investments: The Federal Reserve is expected to cut interest rates three times in the next eight meetings
Analysts at Peggy Investments say they expect the Federal Reserve to cut interest rates three times in the next eight meetings
The US CPI report cools down and is indifferent! The Federal Reserve's “Eagles” senior official Bauman speaks out again
In his latest speech, Bauman did not mention more data released this week, particularly the US CPI for April. Compared to a week ago, the latest data showed that the US CPI data for April gave a signal of cooling down, but she didn't seem to be moved by it.
BlackRock executive Rieder thinks curbing inflation requires cutting interest rates rather than raising interest rates
BlackRock's Rick Rieder suggests something contrary to conventional wisdom: the best way for the Federal Reserve to contain inflation is to lower interest rates rather than keep them higher.