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
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