Tag: Canadian Dollar
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Pound undermined by gloomy UK economic outlook Daily Update
December 4 2024Pound (GBP) subdued amid lingering UK economic concerns The pound (GBP) remained rangebound during Tuesday’s session, as persistent worries about … read more
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US dollar rallies as Trump issues fresh tariff threats Daily Update
December 3 2024Pound (GBP) dented by downbeat PMI The pound (GBP) faced some pressure yesterday after the UK’s final manufacturing PMI was revised lower to show … read more
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FX weekly forecast: Strong payrolls print to boost the US dollar? Weekly Forecast
December 2 2024Pound (GBP) Amid a lack of UK data releases this week, speeches from Bank of England (BoE) officials may drive movement in the pound (GBP) If … read more
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Euro stable as Eurozone inflation climbs to four-month high Daily Update
Pound (GBP) flat following BoE stability report The pound (GBP) was left to trade without a strong directional bias on Friday as GBP investors … read more
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Rising Eurozone inflation to boost the euro? Daily Update
November 29 2024Pound (GBP) muted amid lack of data The pound (GBP) traded mostly sideways yesterday as a lack of impactful UK data muted the British … read more
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Pound firms on BoE Lombardelli’s inflation remarks Daily Update
November 28 2024Pound (GBP) supported by BoE official’s inflation warning The pound (GBP) gained ground on Wednesday, bolstered by comments from Bank of England … read more
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USD, GBP and EUR fluctuate as Trump’s tariff announcement rocks markets Daily Update
November 27 2024Pound (GBP) uncertain amid market volatility The pound (GBP) traded without a clear direction yesterday, with general market volatility causing GBP … read more
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US dollar slips as Trump’s pick for Treasury Secretary cheers markets Daily Update
November 26 2024Pound (GBP) wavers despite BoE remarks The pound (GBP) had a mixed start to the week, despite some hawkish comments from Bank of England (BoE) … read more
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FX weekly forecast: Accelerating Eurozone inflation to offer respite to the euro? Weekly Forecast
November 25 2024Pound (GBP) UK economic releases are in short supply this week, which may leave the pound (GBP) struggling to attract support However, hawkish Bank … read more
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Pound and euro plunge following weaker PMIs Daily Update
Pound (GBP) slides on dire UK data The pound (GBP) faced heavy pressure on Friday as British retail sales growth slumped by 07% in October, versus … read more