Tag: Canadian Dollar
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FX weekly forecast: Strong US inflation to boost the US dollar? Weekly Forecast
May 13 2024Pound (GBP) The pound (GBP) may face headwinds this week with the publication of the UK’s latest jobs report Tuesday’s data is expected to … read more
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Pound unable to hold gains despite UK escaping recession Daily Update
Pound (GBP) sheds post-GDP gains The pound (GBP) initially strengthened on Friday after data showed that the British economy came out of recession … read more
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Bank of England policy decision rocks the pound Daily Update
May 10 2024Pound (GBP) wavers lower following BoE decision The pound (GBP) fluctuated yesterday, trending lower against its stronger peers, as the Bank of … read more
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US dollar climbs as market sentiment sours Daily Update
May 9 2024Pound (GBP) softens ahead of BoE decision The pound (GBP) fell against many of its peers yesterday, striking a two-week low against the euro (EUR), … read more
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Euro climbs despite mixed Eurozone data Daily Update
May 8 2024Pound (GBP) wobbles ahead of BoE decision The pound (GBP) wavered without a clear direction on Tuesday as a lack of UK data left the currency … read more
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FX weekly forecast: GBP to tumble on dovish BoE interest rate hold? Weekly Forecast
May 7 2024Pound (GBP) The pound (GBP) will likely trade without a clear direction ahead of the Bank of England’s (BoE) impending interest rate decision on … read more
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US dollar tumbles following weaker jobs data Daily Update
Pound (GBP) subdued despite strong PMI The pound (GBP) struggled against its stronger peers on Friday, despite the UK’s final services PMI … read more
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Pound slides as OECD slashes UK growth forecasts Daily Update
May 3 2024Pound (GBP) stumbles amid economic concerns The pound (GBP) fell yesterday after the OECD slashed its growth forecasts for the UK The Paris-based … read more
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US dollar slumps in the wake of Fed decision Daily Update
May 2 2024Pound (GBP) muted following manufacturing PMI The pound (GBP) was subdued yesterday after the final UK manufacturing PMI for April confirmed a … read more
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Euro marches higher following upbeat data releases Daily Update
May 1 2024Pound (GBP) mixed as risk sentiment drives movement The pound (GBP) moved without a clear trajectory on Tuesday as a lack of UK economic data left … read more