Business News
Business, finance and forex news
Get the latest insights into how economic and political developments are impacting the forex market.
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US dollar nosedives amid ramped-up Fed rate cut bets, pound rocked following BoE rate cut Business News
August 5 2024Pound volatile as BoE lowers interest rates A data-light calendar saw the pound edge lower at the start of last week, as UK Chancellor Rachel Reeves … read more
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Pound knocked by BoE rate cut speculation, US dollar underpinned by robust US GDP Business News
July 29 2024Pound wobbles amid BoE rate uncertainty The pound (GBP) got off to a slow start last week, with the currency coming under pressure amid concerns … read more
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Pound rallies following UK inflation release, US dollar recovers from oversold conditions Business News
July 22 2024Pound trends higher on hot CPI A data-light calendar saw the pound trade without a clear direction at the start of last week Dovish commentary from … read more
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Pound surges following hawkish BoE comments, US dollar slumps amid September rate cut bets Business News
July 15 2024Pound surges as BoE officials cast doubt on August rate cut The pound (GBP) started last week strong as investors responded positively to the new … read more
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US dollar pressured by Fed rate cut bets, pound firms following UK election Business News
July 8 2024Pound firms as Labour secures massive majority The pound (GBP) got off to a slow start last week, with the currency being pressured by the UK’s … read more
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Pound volatile prior to UK election, US dollar pressured by cooling inflation Business News
July 1 2024Pound mixed ahead of UK general election The pound initially ticked higher at the start of last week on the back of a better-than-forecast … read more
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Pound stumbles on dovish BoE, USD strengthens on upbeat PMIs Business News
June 24 2024Pound stumbles on dovish BoE The pound traded without a clear direction against its major rivals at the start of last week, with fresh UK data in … read more
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Euro slumps as political anxieties rise, US dollar rallies as Fed reduces rate cut forecasts Business News
June 17 2024Pound slides amid mixed economic data The pound (GBP) began last week in a muted manner, owing to a short supply of domestic data On Tuesday, … read more
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Euro supported by hawkish ECB rate cut, US dollar volatile amid mixed labour releases Business News
June 10 2024Pound muted amid lull in data The pound (GBP) began the week on a subdued note, as confirmation of an expansion in the UK manufacturing PMI failed … read more
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Pound supported as markets dismiss June rate cut, US dollar rocked by cooling core CPI Business News
June 3 2024Pound underpinned by diminished BoE rate cut bets The pound (GBP) began the week on a muted note, due to bank holiday market closures On Tuesday, … read more