Tag: Canadian Dollar
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Global market selloff drives significant currency volatility Daily Update
August 6 2024Pound (GBP) weakens amid BoE rate cut speculation The pound (GBP) fluctuated lower yesterday as a global market selloff fuelled bets that the Bank … read more
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FX weekly forecast: Market rout to underpin the US dollar? Weekly Forecast
August 5 2024Pound (GBP) UK economic data is in short supply this week As a result, the increasingly risk-sensitive pound (GBP) may be sensitive to market … read more
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US dollar plummets following weak jobs data Daily Update
Pound (GBP) claws back losses on BoE comments The pound (GBP) initially remained on the back foot on Friday as the Bank of England’s (BoE) … read more
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Pound plunges as BoE cuts interest rates Daily Update
August 2 2024Pound (GBP) hammered by BoE rate cut The pound (GBP) plummeted to multi-week lows yesterday as investors began anticipating an interest rate cut … read more
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US dollar retreats as Fed hints at September rate cut Daily Update
August 1 2024Pound (GBP) sidelined ahead of BoE rate decision The Bank of England’s (BoE) impending interest rate decision left the pound (GBP) to trade … read more
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Pound slips as BoE interest rate decision looms Daily Update
July 31 2024Pound (GBP) struggles ahead of BoE decision The pound (GBP) was on the back foot yesterday as a lack of UK economic data left Sterling vulnerable to … read more
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US dollar rises amid souring market mood Daily Update
July 30 2024Pound (GBP) wobbles amid UK tax hike fears The pound (GBP) stumbled out of the gate this week amid fears that UK Chancellor Rachel Reeves would … read more
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FX weekly forecast: BoE rate cut uncertainty to trigger dramatic swings in the pound? Weekly Forecast
July 29 2024Pound (GBP) The Bank of England (BoE) will conclude its latest policy meeting this week Investors are currently split on whether the bank will … read more
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Pound directionless amid BoE rate cut speculation Daily Update
Pound (GBP) sidelined by BoE rate cut speculation The pound (GBP) traded in a narrow range at the end of last week, amid Bank of England (BoE) … read more
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US dollar firms on stronger-than-expected US GDP print Daily Update
July 26 2024Pound (GBP) stumbles on BoE rate cut bets The pound (GBP) came under pressure on Thursday amid a hardening of Bank of England (BoE) rate cut … read more