Tag: Canadian Dollar
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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
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Pound underpinned by positive UK PMIs Daily Update
July 25 2024Pound (GBP) buoyed by robust UK PMIs The pound (GBP) trended broadly higher on Wednesday, following the publication of the UK’s latest … read more
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US dollar, pound and euro muted in quiet trade Daily Update
July 23 2024Pound (GBP) rangebound in absence of data The pound (GBP) wavered sideways yesterday amid a lack of UK economic data Meanwhile, concerns about … read more
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FX weekly forecast: Uptick in US GDP to bolster the US dollar? Weekly Forecast
July 22 2024Pound (GBP) The release of the UK’s latest PMIs will likely be the primary focus for GBP investors this week Expect to see the pound (GBP) … read more