Tag: Canadian Dollar
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Euro slides on weaker-than-expected German inflation figures Daily Update
August 30 2024Pound (GBP) falters amid budget speculation The pound (GBP) trended broadly lower yesterday as investors turned their attention to UK Chancellor … read more
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US dollar rebounds as investors turn cautious Daily Update
August 29 2024Pound (GBP) slips in gloomy trade The pound (GBP) trended broadly lower on Wednesday as a downbeat market mood sapped Sterling sentiment GBP also … read more
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GBP/USD strikes two-year high despite PM’s warning of ‘painful’ UK budget Daily Update
August 28 2024Pound (GBP) supported by BoE expectations The pound (GBP) ticked broadly higher through yesterday’s session, with GBP investors seemingly unfazed … read more
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FX weekly forecast: Cooling Eurozone inflation expected to weaken the euro Weekly Forecast
August 27 2024Pound (GBP) A speech by Keir Starmer on Tuesday could act as a headwind for the pound (GBP) this week as the UK Prime Minister is expected to warn … read more
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US dollar nosedives on dovish Fed Powell speech Daily Update
Pound (GBP) strengthened by BoE rate speculation The pound (GBP) closed last week’s session on a positive note as Thursday’s impressive UK PMI … read more
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Pound rallies as markets trim BoE rate cut bets on upbeat UK PMIs Daily Update
August 23 2024Pound (GBP) strengthens on upbeat PMIs The pound (GBP) rallied yesterday as GBP investors welcomed stronger-than-expected PMI figures from the … read more
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Pound shrugs off disappointing UK borrowing figures Daily Update
August 22 2024Pound (GBP) firms in spite of UK borrowing concerns The pound (GBP) ticked higher on Wednesday, despite data showing that UK government borrowing … read more
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US dollar strikes new multi-month lows in upbeat trade Daily Update
August 21 2024Pound (GBP) buoyed by UK economic optimism The pound (GBP) trended broadly higher yesterday, with Sterling sentiment strengthening amid UK economic … read more
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EUR/USD strikes year-to-date high on dovish Fed remarks Daily Update
August 20 2024Pound (GBP) muted amid BoE speculation The pound (GBP) traded sideways through yesterday’s session as GBP investors continued to adjust their … read more
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FX weekly forecast: US dollar to sink on dovish shift by Fed at Jackson Hole? Weekly Forecast
August 19 2024Pound (GBP) The UK’s preliminary PMIs for August will likely be the main focus for GBP investors this week These are expected to report an … read more