GBP/USD eases below 1.3350 on Monday, following a seven-day rally. Recent tensions in the Strait of Hormuz have negatively impacted market sentiment during what was otherwise a tranquil beginning to the week. The pair continues to trade within a descending channel. The British Pound ticks lower against the US Dollar Monday, attempting to close a … Read more
GBP/USD is trading near $1.3377 as the July 4 weekend approaches, reflecting an increase of approximately 0.7% for the day and reaching a two-week high following the release of a disappointing US jobs report that prompted significant selling of the dollar. That appears to be a remarkable victory. It primarily reflects a depreciation of the … Read more
NFP falls short of expectations, with significant downward revisions to previous months. Expectations for Fed tightening have diminished as yields exert pressure on the US Dollar. Political uncertainty and speculation regarding intervention contribute to heightened volatility in Cable. The Pound Sterling registers solid gains against the US Dollar on Thursday following the latest US employment … Read more
GBP/USD commenced the third quarter hovering around the $1.325 mark, positioned close to a seven-month low following a 1.4% decline against the dollar in June. The pound retreated from a nearly two-week peak near 1.3275 reached in the previous session, declining towards 1.3235 as the dollar strengthened and the Bank of England’s dovish stance continued … Read more
GBP/USD has softened to approximately 1.3240 during the Asian session on Tuesday. The US ADP employment data and the US NFP report are set to attract significant attention later this week. Economists anticipate that the BoE will maintain its benchmark interest rate at 3.75% until the conclusion of the year. The GBP/USD pair experiences a … Read more
GBP/USD declines as uncertainty regarding tensions in the Middle East escalates. Hostilities in the Gulf have ceased, paving the way for the resumption of discussions regarding the Strait of Hormuz after a series of retaliatory strikes. British politician Andy Burnham is set to present his national vision on Monday. GBP/USD experiences a slight decline following … Read more
Sterling is engaged in a challenging struggle on two fronts, as evidenced by the chart. GBP/USD is currently trading around 1.3195 in Friday’s dealings, maintaining slight gains above 1.32 after recovering from a seven-month low of approximately 1.3147 earlier this week. The pair has declined from its January 28 peak of 1.3824 — a drop … Read more
The pound is experiencing pressure from both sides, leading to a decline to a seven-month low. GBP/USD traded around 1.3180 on Thursday, remaining just below the 1.3200 level following a recovery attempt, weighed down by a US dollar that has surged to its highest point since May 2025, alongside a UK environment characterised by political … Read more
GBP/USD is trading around $1.3240, hovering just above an 11-week low after sliding to its weakest level since March, as a convergence of political, fiscal, and monetary pressures pins the pound near the bottom of its range. The pair is little changed on the session but firmly on the defensive, weighed by UK political chaos on one side and a dollar near a one-year high … Read more
GBP/USD is trading around $1.3240, hovering just above an 11-week low after sliding to its weakest level since March, as a convergence of political, fiscal, and monetary pressures keeps the pound near the bottom of its range. The pair is slightly altered during the session, yet remains firmly on the defensive, influenced by the political … Read more