Tag Archives: Pound

Pound Edges Higher as UK GDP Surprises to the Upside

UK economic growth beats forecasts, easing pressure on Bank of England to cut aggressively. – vtmarkets.com

GBP Dips, Outlook Improves on Trade Hopes

UK trade diplomacy and ECB divergence could keep GBP supported despite short-term pullback. – vtmarkets.com

GBPUSD Extends Decline as Dollar Holds Ground

GBP/USD hits 1.2238, its lowest since Nov 2023, as bearish momentum persists; focus shifts to key 1.2039 support level. – vtmarkets.com

GBP/USD Steady as Markets Eye UK Inflation Data

GBP/USD holds near 1.2200 as traders eye UK inflation data, which could shape BOE’s next move with a 25 bps hike likely in November. – vtmarkets.com

Euro and the British pound directionless as China rate cuts and US election uncertainty creeps in 

Euro and the British pound trades directionless as forex markets react to China’s rate cuts and Biden’s election decision. Read more for market analysis and forecast

British pound holds its strength over stable UK inflation and strong wage growth 

The GBPUSD pair reached a one-year high, driven by stable UK inflation and resilient wage growth, while the US dollar faces a challenging week.

US Dollar retreats on cooling inflation data, Euro and Pound surge 

US dollar retreats as cooling inflation fuels rate cut speculation. Euro and pound surge while volatility spikes for yen. More about the market implications and forecasts.

Dollar drops for 3 weeks; Pound steady after UK election

The U.S. dollar hovered near three-week lows on Friday, anticipating the release of payrolls data that could influence the outlook for interest rates. Meanwhile, the pound remained firm as the Labour party seemed poised to secure a significant majority in the UK general election.

Dollar weakens after soft data, Yen still struggling

The dollar faced pressure on Thursday following U.S. economic data that indicated slowing growth. Despite this, the yen remained weak, pinned near a 38-year low, prompting concerns about possible government intervention.

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