Tag: Canadian Dollar
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US dollar soars as US payrolls smash expectations Daily Update
October 7 2024Pound (GBP) firms as BoE Pill tempers rate cut bets The pound (GBP) mounted a recovery at the end of last week’s session, following comments by … read more
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Pound plummets as BoE Governor hints at more ‘aggressive’ rate cuts Daily Update
October 4 2024Pound (GBP) collapses following BoE Bailey comments The pound (GBP) plunged on Thursday as markets responded to recent comments from Bank of England … read more
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US dollar bolstered by stronger-than-expected US jobs data Daily Update
October 3 2024Pound (GBP) sidelined by potential infrastructure cuts The pound (GBP) traded in a narrow range yesterday amid fresh concern over the UK’s … read more
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US dollar rises amid Middle East fears Daily Update
October 2 2024Pound (GBP) muted as UK business confidence declines The pound (GBP) was mixed yesterday, with Sterling struggling against its stronger peers, … read more
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Euro slides as German inflation cools rapidly Daily Update
October 1 2024Pound (GBP) gains capped as UK GDP revised down The pound (GBP) firmed through yesterday’s session as a broadly upbeat market mood reflected … read more
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FX weekly forecast: Weak US jobs data to extend US dollar selloff? Business News Weekly Forecast
September 30 2024Pound (GBP) Aside from this morning’s finalised GDP figures, notable UK economic data is in short supply this week This may leave the pound (GBP) … read more
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US dollar stumbles following cooler inflation figures Daily Update
Pound (GBP) muted amid UK Budget concerns The pound (GBP) was subdued on Friday amid anxiety ahead of the UK’s Autumn Budget at the end of … read more
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US dollar slumps amid Fed rate cut bets Daily Update
September 27 2024Pound (GBP) strengthens in risk-on trade The pound (GBP) trended broadly higher on Thursday as the currency was underpinned by improving market … read more
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US dollar recovers as risk appetite falters Daily Update
September 26 2024Pound (GBP) uncertain amid lack of data The pound (GBP) traded without a clear direction yesterday as a lack of UK economic data left the currency … read more
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GBP/USD strikes 30-month high amid risk-positive mood Daily Update
September 25 2024Pound (GBP) supported by BoE Bailey’s ‘gradual’ rate cut comments The pound (GBP) was underpinned during yesterday’s session by comments … read more