GBP/USD moves higher, surpassing the 1.3200 mark following the resignation announcement from Prime Minister Keir Starmer. The decision was anticipated given the scrutiny surrounding his leadership, particularly after a significant loss in the local elections in May. Andy Burnham, the Mayor of Manchester, stands out as the most strategically advantageous candidate to succeed Starmer. The … Read more
The British Pound mitigated some of its daily losses against the US Dollar, yet it continued to exhibit a negative stance in the wake of recent UK economic data. UK Retail Sales experienced a significant rebound in May, increasing by 1.2% month-on-month, surpassing expectations and offsetting the revised 1.0% decline observed in April. Traders exercise … Read more
The pound is currently in a state of anticipation amid one of the most concentrated catalyst windows of the year. GBP/USD is trading near 1.342, up approximately 0.40% on the session and maintaining a position just below the 1.34 handle, as the dollar softens in anticipation of the Federal Reserve’s inaugural decision under new Chair … Read more
The pound entered Tuesday constrained within a narrow range, preparing for the most active 48 hours on its schedule. GBP/USD trades around 1.342 on June 16, remaining within a tight range as the dollar strengthens in anticipation of a series of central bank meetings: the Federal Reserve will announce its decision on Wednesday, June 17, … Read more
GBP/USD is on the rise as the US Dollar shows signs of weakness, influenced by reports regarding a US-Iran peace agreement aimed at reopening the Strait of Hormuz. Trump announced that the agreement with the Islamic Republic of Iran is now finalised. The BoE is anticipated to maintain interest rates at their current level during … Read more
Sterling is experiencing minimal movement on Friday, June 12, with GBP/USD trading around 1.34 — last noted near 1.3415, showing little change for the day — and positioned almost precisely on its 200-day moving average, which has defined the pair’s recent performance for weeks. The pound has experienced a decline of approximately 0.8% in the … Read more
The pound is struggling in a contest where it ought to be competitive. GBP/USD slipped below 1.3350 during the American session on Thursday, moving towards the lower end of its recent range after failing to maintain a position above the 1.3400 level earlier in the day. The decline occurred as the dollar strengthened universally, driven … Read more
GBP/USD was observed around 1.3377 by midday Wednesday, reflecting a slight increase of approximately 0.04% from the previous session. However, it has struggled to surpass the 1.3400 threshold, which has consistently limited recent upward movements. The pound has weakened roughly 1.71% over the past month and sits down about 1.21% over the trailing year, a … Read more
GBP/USD is currently positioned at approximately $1.34 on Tuesday, June 9, maintaining a position just above the 1.3420 support level. This follows a sequence of consecutive losses that have placed the pair under near-term pressure, resulting in trading below its short-term moving averages. Cable, as the pound-dollar pair is referred to, is currently positioned at … Read more
GBP/USD has succumbed to the pressure of a strengthening dollar. The pound reversed its earlier gains, declining below the 1.34 mark to reach 1.3325 — the lowest point since May 15 — as investors flocked to the US dollar in response to Friday’s impressive jobs report. Sterling has now weakened approximately 1.97% over the past … Read more