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US Senate approved a deal to end the government shutdown, boosting global shares while sterling weakened on UK data, increasing chances of a BoE rate cut. Market volatility expected from upcoming US …
GBPUSD weakened to 1.31 as weaker UK labor data raised expectations of a Bank of England rate cut next month, with slowing wage growth and rising unemployment.
Sterling held steady as traders awaited key UK economic data affecting the Bank of England’s rate decisions, with a potential 25 basis point cut priced in for December amid tight MPC voting and antic…
The Bank of England signals a likely rate cut in December amid easing inflation pressures, supporting a mild bullish outlook for GBP/USD in the near term.
UK Finance Minister Reeves signals tax rises to reduce debt while avoiding austerity, aiming for lower interest rates and stable inflation. Market views this budget as dovish, expecting Bank of Engla…
UK Finance Minister Rachel Reeves signals tough budget choices with likely tax rises to reduce debt, aiming for lower interest rates. Sterling slipped modestly as markets anticipate a dovish Bank of …
Sterling falls near $1.310 after UK Chancellor signals fiscal tightening amid softer data and rising expectations of Bank of England rate cuts.
The US dollar surged to multi-month highs against the euro amid mixed Fed signals on rate cuts and weak US manufacturing. The pound faces pressure from potential BoE cuts, while the yen remains under…
The dollar remains strong near a three-month high amid Fed's cautious stance and weak UK inflation data, pressuring EURUSD and GBPUSD lower. Market awaits key rate decisions from BoE and RBA, while y…
Fed Chair Powell dampened expectations of a December rate cut, boosting the dollar while the euro and sterling weakened amid rising BoE easing bets; USDCAD remained steady after the Bank of Canada cu…
Market anticipates Fed rate cuts amid a softer U.S. labor market and a U.S.-China trade truce supports the dollar; sterling falls on expected BoE rate cuts, while the Bank of Canada cuts rates signal…
UK inflation below forecasts weakens GBPUSD amid rising rate cut expectations by the Bank of England. EURUSD edges up on Eurozone-US dynamics, while USDJPY fluctuates amid Japan's stimulus plans and …
UK inflation fell below forecasts, weakening GBPUSD amid rising odds of a Bank of England rate cut. The USD declined slightly, pressured by political uncertainty, while EURUSD showed modest gains. Ye…
UK inflation held steady below expectations, boosting chances of a BoE rate cut. Sterling fell sharply against the dollar and euro amid uncertainty over the upcoming budget and weaker inflation data.
UK inflation undershoots forecasts, prompting Pound weakness and raising BoE rate cut odds; USD steadies after rally; Yen gains amid expected fiscal stimulus from Japan's new PM. Fed likely to cut ra…
GBPUSD dropped after UK borrowing exceeded forecasts, inflation and debt costs surged, raising fears of spending cuts, tax hikes, and a potential Bank of England rate cut in early 2025.
The pound held near $1.35 after July GDP stagnated and industrial production fell 0.9%; planned tax hikes and rising odds of Bank of England rate cuts pressure the currency.
Sterling rose against a weaker dollar but is set for a third weekly fall amid gilt market turmoil and fiscal jitters in the UK. Mixed retail data and high odds of a BoE rate cut add near-term uncerta…