Pound Sterling slumps against USD as US NFP looms large – FXStreet
Sterling of the pound is facing pressure on key peers ahead of BOE's monetary policy on Thursday. BOE is widely expected to cut interest rates to 25 bps to 4.5%. Investors are awaiting US NFP data. This will affect the Fed's expectations for its monetary policy outlook. Pound Sterling (GBP) slumps near 1.2440 against the […]
Pound Sterling outperforms risky peers as UK is unlikely to face big tariffs from US Trump – FXStreet
Pound's Stirling is strongly functioning among risk -sensitive currencies on the expectation that the United States does not face the United States's large amount of tariffs. After the US President imposed tariffs on Canada, Mexico, and China, market emotions avoid risks. BoE is expected to reduce interest rates to 4.5 % of 25 BPS. Pound […]
Pound Sterling flattens against USD ahead of US core PCE inflation – FXStreet
Poundsterling is trading for more than 1.2400, as investors are focusing on US PCE inflationata in December. The threat of tariffs between President Trump's BRICS and his North American colleagues has increased USD's safe home appeal. Investors hope that BOE will resume the interest rate cut cycle on Thursday. Pound Stirling (GBP) is a Friday […]
John Sterling gives touching tribute to Bob Uecker: ‘Loved the guy’
John Sterling called Yankees games for more than 30 years before retiring from the broadcast booth last year. There weren't many people who could beat this record, but Bob Uecker was one of them. “I loved Yuk,” Sterling said by phone Thursday after learning of his death at age 90. What I liked most about […]
Pound Sterling slumps as UK Retail Sales declines unexpectedly – FXStreet
Sterling is underperforming major currencies as weak UK retail sales data strengthens the case for a BoE interest rate cut in February. UK monthly retail sales fell by 0.3% in December, despite expectations for strong growth of 0.4%. The US dollar rose despite a slight acceleration in the Fed's dovish outlook. Sterling (GBP) fell sharply […]
Pound Sterling retreats as higher UK gilt yields keep downside bias unabated – FXStreet
British pound falls The outlook remains weak as UK gold yields rise. Investors are awaiting December UK and US CPI figures to be released on Wednesday. The Fed is expected to cut interest rates only once this year. The British pound (GBP) resumed its decline in the European session on Tuesday due to a rise […]
Dollar retains strength ahead of payrolls; sterling slips again – Investing.com
Investing.com – The US dollar rose slightly on Friday, extending recent gains ahead of the release of the highly influential monthly jobs report, while the pound continued to fall. As of 04:00 ET (09:00 GMT), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, was trading 0.1% higher at […]
Pound Sterling slumps as UK GDP, factory output unexpectedly contract in October – FXStreet
The pound slumped after data showed the UK's monthly GDP fell by an astonishing 0.1% in October. British industrial and manufacturing production also fell month-on-month in October. Investors expect the Fed to pause policy easing in January after cutting rates next Wednesday. The British pound (GBP) fell sharply against major currencies on Friday after Britain's […]
Pound Sterling consolidates against US Dollar with US inflation on radar – FXStreet
Ahead of November's US inflation data, the British pound is moving in a narrow range against the US dollar around 1.2750. Economists expect the Fed to cut rates by 25 basis points after its December 18 policy meeting. Investors are awaiting the UK's monthly GDP statistics to find out the current state of the economy. […]
Pound Sterling briefly drops as BoE Bailey predicts four interest rate cuts in 2025 – FXStreet
Sterling rallied after Bank of England Governor William Bailey said he believed the process of defusing inflation was taking hold and predicted four interest rate cuts in 2025. Traders expect the central bank to keep interest rates unchanged at 4.75% at its meeting this month. Investors are awaiting a number of US economic indicators and […]