Tag: Exchange Rate
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US dollar stumbles as jobless claims rise Daily Update
December 6 2024Pound (GBP) buoyed despite lack of data The pound (GBP) managed to gain ground against many of its peers yesterday, despite a lack of UK economic … read more
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FX weekly forecast: Strong payrolls print to boost the US dollar? Weekly Forecast
December 2 2024Pound (GBP) Amid a lack of UK data releases this week, speeches from Bank of England (BoE) officials may drive movement in the pound (GBP) If … read more
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Euro stable as Eurozone inflation climbs to four-month high Daily Update
Pound (GBP) flat following BoE stability report The pound (GBP) was left to trade without a strong directional bias on Friday as GBP investors … read more
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Rising Eurozone inflation to boost the euro? Daily Update
November 29 2024Pound (GBP) muted amid lack of data The pound (GBP) traded mostly sideways yesterday as a lack of impactful UK data muted the British … read more
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USD, GBP and EUR fluctuate as Trump’s tariff announcement rocks markets Daily Update
November 27 2024Pound (GBP) uncertain amid market volatility The pound (GBP) traded without a clear direction yesterday, with general market volatility causing GBP … read more
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US dollar slips as Trump’s pick for Treasury Secretary cheers markets Daily Update
November 26 2024Pound (GBP) wavers despite BoE remarks The pound (GBP) had a mixed start to the week, despite some hawkish comments from Bank of England (BoE) … read more
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FX weekly forecast: Accelerating Eurozone inflation to offer respite to the euro? Weekly Forecast
November 25 2024Pound (GBP) UK economic releases are in short supply this week, which may leave the pound (GBP) struggling to attract support However, hawkish Bank … read more
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Pound and euro plunge following weaker PMIs Daily Update
Pound (GBP) slides on dire UK data The pound (GBP) faced heavy pressure on Friday as British retail sales growth slumped by 07% in October, versus … read more
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Pound stumbles following UK public borrowing figures Daily Update
November 22 2024Pound (GBP) dented by public borrowing worries The pound (GBP) slipped against its stronger rivals yesterday after British public borrowing came in … read more
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GBP and EUR fall as Russia-Ukraine worries ripple through markets Daily Update
November 20 2024Pound (GBP) falls amid dovish BoE comments The pound (GBP) stumbled yesterday as worries about the Russia-Ukraine war weighed on the UK … read more