Tag: Canadian Dollar
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GBP/EUR soars to new two-year high on abysmal Eurozone data Daily Update
September 24 2024Pound (GBP) wavers on mixed UK PMIs The pound (GBP) was subdued through yesterday’s session, following the release of a mixed UK services … read more
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FX weekly forecast: US dollar to extend selloff if inflation cools? Weekly Forecast
September 23 2024Pound (GBP) Movement in the pound (GBP) this week may be linked to the Labour party conference GBP investors will be hoping that the Labour … read more
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Pound finds fleeting gains as UK retail sales beat forecasts Daily Update
Pound (GBP) trims gains despite strong retail sales The pound (GBP) initially strengthened on Friday after the UK’s latest retail sales figure … read more
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Pound supported as BoE leaves rates unchanged Daily Update
September 20 2024Pound (GBP) buoyed by BoE rate hold The pound (GBP) enjoyed some support yesterday after the Bank of England (BoE) voted overwhelmingly not to cut … read more
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GBP/USD touches 30-month high following bumper Fed rate cut Daily Update
September 19 2024Pound (GBP) climbs as UK CPI beats forecasts The pound (GBP) strengthened yesterday after the UK’s latest consumer price index exceeded … read more
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GBP/USD to surge if Fed delivers a bumper 50bps rate cut? Daily Update
September 18 2024Pound (GBP) stable ahead of impactful UK data The pound (GBP) traded sideways through yesterday’s session in the absence of any market-moving GBP … read more
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US dollar slides as investors adjust Fed rate cut bets Daily Update
September 17 2024Pound (GBP) supported by upbeat mood The pound (GBP) trended broadly higher through yesterday’s trading session, with Sterling underpinned by … read more
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FX weekly forecast: Bumper Fed rate cut to sink the US dollar? Weekly Forecast
September 16 2024Pound (GBP) The Bank of England (BoE) will deliver its latest rate decision this week In contrast to the European Central Bank (ECB) and Federal … read more
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Pound consolidates gains in quiet trade Daily Update
Pound (GBP) stabilises following recent gains The pound (GBP) traded in a narrow range at the end of last week, with the currency consolidating some … read more
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Euro subdued as ECB cuts interest rates Daily Update
September 13 2024Pound (GBP) subdued on public debt concerns The pound (GBP) traded sideways on Thursday, following a warning that UK debt may triple over the next … read more