Pound Sterling falls below 1.3450 ahead of US Retail Sales and PPI reports
The GBP/USD pair is hovering around 1.3425 in negative territory during the Asian trading session on Wednesday, primarily due to renewed demand for the US dollar. Traders are preparing for upcoming U.S. retail sales and producer price index data later in the day. According to the Bureau of Labor Statistics (BLS), the U.S. Consumer Price […]
Pound Sterling thrives as worries about Fed independence resurface
Initially, the British pound (GBP) struggled against the US dollar (USD), starting around 1.3390. However, during European trading on Monday, it made a strong comeback, reaching about 1.3465. This rebound occurred as the US dollar experienced significant correction following news of a criminal investigation into Federal Reserve Chairman Jerome Powell regarding fund mismanagement related to […]
Pound Sterling declines more against US Dollar as NFP approaches
On Friday, in European trading, the British pound (GBP) is hovering close to its weekly low, resting around 1.3420 against the US dollar (USD). The GBP/USD pair faces pressure as the US dollar continues to gain strength ahead of the upcoming non-farm payrolls (NFP) data scheduled for 13:30 GMT. As of now, the US Dollar […]
Pound Sterling continues to fall against the US Dollar as attention turns to US jobs report
The British pound (GBP) has continued its decline against the US dollar (USD) for a third consecutive day, trading close to 1.3450 during European hours on Thursday. The weakening of the GBP/USD pair comes as the US dollar remains strong, buoyed by unexpectedly robust ISM Services Purchasing Managers’ Index (PMI) data from December. At this […]
Pound Sterling remains steady above 1.3450 as traders await US jobs figures
GBP/USD Stagnates Amid Economic Anticipation In early European trading on Thursday, GBP/USD is hovering around 1.3465. Traders seem to be adopting a cautious approach as they wait for significant U.S. economic data set to be released this week. A report on weekly new jobless claims is anticipated later today, leading up to the much-expected nonfarm […]
Pound Sterling declines against US Dollar before important US economic reports
On Wednesday, the British pound (GBP) dropped to approximately 1.3490 against the US dollar (USD) in European trading. This movement reflects some pressure as the dollar gains strength ahead of significant US economic data due for release later in the North American session. This includes the December ADP employment changes, the ISM Services Purchasing Managers […]
Pound Sterling falls as US actions in Venezuela negatively affect market sentiment
The British pound sterling (GBP) has shown strength against riskier currencies, but it’s been under pressure against safer ones at the start of the week. The currency has been bolstered by hopes that the Bank of England (BoE) will ease monetary policy gradually in 2026. In their last meeting for 2025, the BoE indicated that […]
Pound strengthens following UK economic report, US statistics in view
Currency Update: Sterling’s Gains Amid Economic Data On Tuesday, Sterling saw an uptick against both the euro and the dollar, recovering from recent declines. This shift came as British economic indicators fueled expectations that a Bank of England rate cut may be delayed, while traders turned their attention to forthcoming U.S. data. The unemployment rate […]
Pound Sterling falls as UK monthly GDP contracts once more
The British pound sterling (GBP) is experiencing selling pressure against major currencies after the release of the UK’s gross domestic product (GDP) data for October. This report revealed a contraction in economic growth of 0.1%, which was below expectations that anticipated a growth of 0.1%. These disappointing GDP figures stand in stark contrast to recent […]
Pound Sterling maintains Fed-related increases before UK monthly GDP figures
The British pound (GBP) traded with caution against major currencies on Thursday, managing to maintain the gains from the Fed’s recent rate cut. Investors are on edge in anticipation of critical UK economic data ahead of the Bank of England’s (BOE) decision next week. Between Friday and the BOE’s decision that follows on Thursday, the […]