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As Andy Burnham prepares to become U.K. Prime Minister, the market remains highly sensitive to fiscal policy, reminiscent of the 2022 bond market crisis. While initial sentiment toward his potential …
GBPUSD slipped slightly after reaching a three-month high amid trader caution before Friday's US nonfarm payrolls report, which is expected to drive volatility. The pound remains strong for 2025 with…
UK's new budget raises taxes to record highs, causing volatility in GBPUSD and uncertainty over growth and interest rates, despite a relief rally in UK equities.
The OBR prematurely released a budget report showing a larger fiscal buffer but weaker growth and higher inflation, causing GBPUSD volatility and increased pressure on sterling due to scaled-back rat…
BOJ signals a possible rate hike next month while the Fed is priced for a December cut amid dovish Fed chair expectations. GBPUSD showed volatility around UK's fiscal forecasts. NZD and AUD rise on h…
The UK OBR prematurely published fiscal forecasts, showing increased fiscal headroom from tax hikes and spending. GBP/USD initially rose then fell amid mixed reactions, with volatility expected as ma…
UK's OBR unexpectedly reveals a major tax-heavy fiscal outlook, causing GBPUSD to initially rise then sharply reverse. The aggressive tax increases and political uncertainty weigh negatively on GBPUS…
GBPUSD fluctuated near $1.3190 following the UK government’s fiscal tightening plans and an early OBR forecast release, showing market concerns over growth downgrades and backloaded austerity weighin…
Thin Monday liquidity is causing volatile swings in forex pairs including EURUSD and GBPUSD amid Japan-China tensions and a market holiday in Japan.
GBPUSD experienced volatile swings after US data, with rebound above key resistance suggesting short covering could lift prices further in the near term.
GBPUSD weakened amid UK political uncertainty and troubled labor data, raising fears of market instability and increasing expectations of a December Bank of England rate cut.
The pound steadied near multi-month lows ahead of the Bank of England meeting amid market uncertainty over a possible rate cut and concerns about UK growth influenced by budget tax plans and global e…
GBPUSD remains pressured ahead of the Bank of England meeting with a possibility of a rate cut, causing uncertainty and potential volatility in the pound's value against the dollar.
Traders grew cautious after Fed comments as focus shifts to US GDP and PCE data this week; dollar is steady to slightly firmer. Euro and sterling were mixed while BOJ minutes and LDP politics pushed …
The dollar rebounded after an expected 25bp Fed cut and cautious Powell comments, lifting DXY and pressuring EURUSD and GBPUSD; Norges Bank also cut rates while BoE slowed gilt sales. Bitcoin rose ab…
Sterling slipped as the dollar strengthened ahead of a BoE decision expected to hold rates at 4% but slow quantitative tightening. UK inflation at 3.8% lowers near-term cut odds; markets focus on QT …
Markets reacted to the Fed's quarter-point cut but Powell's cautious tone limited further easing expectations, leaving currencies and stocks choppy as traders reassess the pace of future rate cuts.
U.S. job openings fell, boosting bets on imminent Fed rate cuts and focus on Friday payrolls. Dollar steadied amid bond-market volatility; euro held gains while sterling hovered near four-week lows a…
Global stocks slid as European long-term yields soared and the dollar strengthened; euro and sterling fell while gold hit a record then retreated. Markets await U.S. business activity and Friday's pa…
The dollar weakened after President Trump announced he would remove Fed Governor Lisa Cook, stoking concerns about Fed independence and increasing market odds of rate cuts, lifting major FX pairs and…