Forex Today: US Dollar declines due to fiscal worries, Pound Sterling climbs to multi-year peaks.
Market Update – May 23 Here’s what you should know today: The US Dollar (USD) is facing challenges maintaining its strength against other currencies as it revealed a slight gain on Thursday. The European Central Bank (ECB) is set to release wage rate data for the first quarter. In the U.S., the only economic data […]
Pound Sterling retracts gains as UK Reeves expresses disappointment over high UK CPI data.
Pound Sterling Expected to Strengthen Against the US Dollar Pound Sterling looks set to gain from stronger-than-anticipated UK CPI data. UK services growth jumped from 4.7% in March to 5.4% in April. Moody’s recent downgrade of US credit could weigh on the US dollar. Pound Sterling (GBP) is anticipated to trade close to a new […]
Today in Forex: Pound Sterling increases due to strong UK inflation, US Dollar continues to fall
Daily Financial Update – May 21 Here’s what you should know today: The British pound (GBP) has gained traction against other currencies early Wednesday. This comes after the April inflation figures from the UK were released. Meanwhile, the US dollar (USD) is continuing to weaken amidst uncertainties around trade and ongoing political matters. It’s a […]
Pound Sterling remains strong before the EU-UK trade meeting
Pound Sterling is set to gain against key currencies on Monday, as a potential trade agreement between the UK and the EU approaches. The recent downgrade of the US credit rating by Moody’s has had a negative impact on the US dollar. Experts believe the Federal Reserve is unlikely to lower interest rates this year. […]
Pound Sterling rises against US Dollar due to weak US PPI and Retail Sales data.
Pound Sterling is likely to approach 1.3330 against the US dollar, as the dollar weakens following disappointing US economic data. The Federal Reserve is expected to keep interest rates steady at its next two meetings. Investors are looking forward to next week’s UK CPI data for hints about the Bank of England’s monetary policy. Pound […]
Pound Sterling drops sharply against US Dollar as US and China agree to reduce tariffs.
The pound is currently trading below 1.3200 against the US dollar, following an agreement between the US and China to reduce tariffs by 115% over the next 90 days. This reduction in tariffs could allow the Federal Reserve to lower interest rates. Investors will be looking at UK employment and US CPI data, which will […]
Pound Sterling rebounds on surprisingly positive UK Retail Sales data – FXStreet
After the UK’s ONS reports bright retail sales data for March, sterling in the pound will rebound against its key peers. Traders are confident in BOE’s interest rate cut of 25 bps in May. The escalation in the US-China trade war supports the US dollar. Pound Sterling (GBP) is striving to acquire ground near a […]
Pound Sterling resumes upside against US Dollar, US Durable Goods Orders beat estimates – FXStreet
Pound Sterling rebounds to nearly 1.3300 against the US dollar as the USD index struggles to extend its two-day recovery. US Treasury Secretary Bescent wants each other to cut additional tariffs by both the US and China. Investors are awaiting data on UK retail sales in March. Pound Sterling (GBP) holds its first profit of […]
Establishment Media Devoted 62 Times More Coverage to Tariffs and Market than Sterling Jobs Numbers
According to a Newsbusters analysis, mainstream media, namely ABC, CBS and NBC, have dedicated coverage of more than 62 times to Trump’s tariffs and market responses than Sterling’s workload. The U.S. Bureau of Labor Statistics announced its employment numbers earlier this month, crushing expectations. US employers added 228,000 workers to their pay in March, but […]
Pound Sterling holds onto gains against US Dollar amid concerns over US economic outlook – FXStreet
Pound Sterling Grip has earned more than 1.2900 against the US dollar as investors expect Trump's policies to reduce the momentum of US growth. Fed's Powell reiterated that central banks need to be more clear before adjusting monetary policy. Boe's Mann opposes a progressive and careful approach to monetary policy easing. Pound Sterling (GBP) will […]