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GBP/USD Forecast: Pound Sterling loses traction on mixed BoE commentary Following Monday’s rally, GBP/USD loses traction and declines toward 1.3500 in the European session on…
Bank of England’s MPC (hawk) member Catherine Mann said that the bank should closely monitor the effects of its quantitative tightening (QT) programme on monetary…
Pound Sterling (GBP) is also entering Thursday’s NA session flat vs. the USD, trading in tandem with its G10 peers and responding headline risk related…
GBP/USD eases to 1.3560 after giving up early gains during the American session. Trading volumes remain thin due to UK and US market holidays. Focus…
EUR/GBP ended the day higher following UK inflation data for April surprising significantly to the topside, relative to both consensus and BoE estimate, Danske Bank’s…
UK CPI climbs to 3.6% YoY in April, well above BoE’s 2% inflation target. Core inflation accelerates to 3.8%, raising doubts over future rate cuts.…
GBP/JPY recovers from 192.00 as the Japanese Yen loses strength on potential US-Japan trade talks. Japan’s Akazawa is scheduled to visit Washington later this week.…
The Pound Sterling faces pressure against its peers due to new data showing the UK labor market is cooling. Soft UK labor market data paves…
The British pound initially tried to rally during the session, but we had a Bank of England meeting during the early hours and as predicted,…
BoE cuts rates to 4.25% with a divided vote; two members supported no change, seen as a hawkish signal. Trump and Starmer announce US-UK trade…