Tag: Canadian Dollar
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US dollar retreats from recent highs amid profit-taking Daily Update
June 25 2024Pound (GBP) stable following positive CBI data The pound (GBP) held steady yesterday after the Confederation of British Industry’s (CBI) latest … read more
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FX weekly forecast: Slowing US inflation to drag on the US dollar? Weekly Forecast
June 24 2024Pound (GBP) With GBP economic data in short supply this week, UK election speculation may act as the main catalyst of movement for the pound (GBP) … read more
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US dollar rises as PMIs beat forecasts Daily Update
Pound (GBP) choppy amid mixed UK economic data The pound (GBP) fluctuated last Friday as new data painted a mixed picture of the UK economy While … read more
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Pound falls following Bank of England decision Daily Update
June 21 2024Pound (GBP) slides as BoE close to cutting interest rates The pound (GBP) fell yesterday in the wake of the Bank of England’s (BoE) latest … read more
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Pound wavers following UK inflation data Daily Update
June 20 2024Pound (GBP) wavers following mixed inflation figures The pound (GBP) initially rose yesterday despite the latest UK consumer price index reporting … read more
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US dollar stumbles following disappointing retail sales Daily Update
June 19 2024Pound (GBP) slips amid signs of easing inflation The pound (GBP) fell yesterday as easing grocery inflation fuelled bets on a summer interest rate … read more
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Euro recovers following ECB remarks Daily Update
June 18 2024Pound (GBP) mixed in absence of data The pound (GBP) initially dipped yesterday before clawing back its losses and trading broadly sideways … read more
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FX weekly forecast: pound to tumble as UK inflation cools? Weekly Forecast
June 17 2024Pound (GBP) The Bank of England (BoE) is likely to provide limited forward guidance following its latest policy meeting this week for fears of … read more
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US dollar strengthens as risk-off mood sweeps markets Daily Update
Pound (GBP) falls as market sentiment sours The pound (GBP) faced selling pressure on Friday as a souring market mood put pressure on the … read more
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US dollar firms as market sentiment sours Daily Update
June 14 2024Pound (GBP) uncertain amid lack of UK data The pound (GBP) moved without a clear direction yesterday as a lack of UK economic data kept the currency … read more