Tag: Exchange Rates
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US dollar rises ahead of US inflation figures Daily Update
December 11 2024Pound (GBP) holds firm despite lack of data The pound (GBP) rose against its weaker rivals yesterday and suffered only limited losses elsewhere, … read more
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ECB preview: Will the Euro slide to new multi-month lows following a dovish ECB rate cut? EUR to GBP EUR to USD Euro (EUR)
December 10 2024The euro (EUR) could hit new multi-month lows this week as the European Central Bank (ECB) prepares to announce its latest interest rate decision on … read more
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US dollar stumbles amid risk-on mood Daily Update
Pound (GBP) directionless amid lack of data The pound (GBP) was mixed yesterday as a lack of UK data left the currency trading without a clear … read more
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FX weekly forecast: Euro to test new lows on dovish ECB rate cut? Weekly Forecast
December 9 2024Pound (GBP) The publication of the UK’s latest GDP figures may act as a tailwind for the pound (GBP) this week if they report that the UK economy … read more
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US dollar rebounds after payrolls beat forecasts Daily Update
Pound (GBP) rises despite dovish BoE comments The pound (GBP) rose against its weaker rivals on Friday, with GBP brushing off comments from Bank of … read more
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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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US dollar retreats on lacklustre data Daily Update
December 5 2024Pound (GBP) steady as UK services PMI revised up The pound (GBP) remained rangebound yesterday, supported by an upward revision to the UK’s … read more
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Pound undermined by gloomy UK economic outlook Daily Update
December 4 2024Pound (GBP) subdued amid lingering UK economic concerns The pound (GBP) remained rangebound during Tuesday’s session, as persistent worries about … read more
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US dollar rallies as Trump issues fresh tariff threats Daily Update
December 3 2024Pound (GBP) dented by downbeat PMI The pound (GBP) faced some pressure yesterday after the UK’s final manufacturing PMI was revised lower to show … 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