The euro traded at $1.1174 at 7:44 a.m. on Thursday, October 8, reflecting a decline of 0.2% for the day and standing 13 pips above Monday’s low of 1.1161, which marks the weakest level since May 2025. The pair commenced the session at 1.1196, reached an initial peak of 1.1204, and was positioned at 1.1195 … Read more
Sterling traded at 1.3247 against the dollar on Tuesday, reflecting an increase of 26 pips or 0.20% from Monday’s close of 1.3221. The session range is 1.3201 to 1.3248. On Monday, the pound declined by 0.21%, reaching a low of 1.3213, while it appreciated by 0.2% against the euro. The rebound observed on Tuesday has … Read more
The pound enters the final hours of the third quarter with macro momentum shifting in its favour for the first time in weeks. GBP/USD fell to 1.32055 on Tuesday, its lowest level since June, before rising to 1.3270 during Wednesday’s European session following updated data from the Office for National Statistics that revealed the UK … Read more
Sterling is adjusting to a shift in the rate gap that the majority of the market failed to anticipate six months prior. GBP/USD declined to 1.3272 on Wednesday, marking its lowest point since July 2, as the U.S. dollar continued its upward trajectory across the market. The pair traded at 1.3292, down 0.40%, by 09:26, … Read more
Political change in the UK over the past four months has added a layer of uncertainty that weighs on sterling and the gilt market. The UK’s political landscape shifted sharply in 2026. In May, the 30-year gilt yield briefly touched roughly 5.81% amid speculation over a Labour leadership challenge, and it surged past 5.78% again … Read more
Cable relinquished the 1.3500 threshold and continued its downward trajectory. GBP/USD traded at 1.3470 during the New York morning, reflecting a decline of 0.38% for the session. The pair began the European day near 1.3505 and recorded a value of 1.3482 by 8:25. The pair currently occupies the lower boundary of its monthly range, lacking … Read more
GBP/USD traded at 1.3544 on Tuesday, reflecting a modest increase of 0.02% from the previous session, having rebounded from the low of 1.3473 observed on September 2. The pound has appreciated by 0.27% over the past month and has increased by 0.17% over the course of twelve months – indicating a currency pair that has … Read more
GBP/USD remains constrained beneath 1.3550, hovering just above two-week lows on Monday. Recent hostilities in Iran are impacting risk appetite and bolstering the demand for the safe-haven US Dollar. Fed’s Warsh increased expectations for an imminent rate hike following his remarks at Jackson Hole on Friday. The British Pound edges up on Monday but remains … Read more
Sterling traded at 1.3643 against the dollar on Tuesday, reflecting a modest increase of 0.09% during the session, while remaining confined within a range it has maintained for two consecutive days. The pair has remained anchored above 1.3600 and below 1.3675 — the six-month peak reached last week — as market participants anticipate the U.S. … Read more
GBP/USD traded at 1.3557 Wednesday morning, reflecting a 0.2% increase during the session, following the release of July inflation data at 07:00 London time. TradingEconomics recorded 1.3556, reflecting an increase of 0.17%. The pair edged to 1.3552 immediately after the data, held 1.3550 through the European session, and printed 1.3545 in the first reaction — … Read more
