Tag: GBPUSD

As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]

UK Exchange Rates Increase Recently, the GBP/USD exchange rate surpassed previous records and climbed nearly to 1.2150. The exchange rate between the British pound and the euro (GBP/EUR) rose to 10-day highs above 1.1330 before leveling out close to 1.1315. The dollar had a modest decline as the release of the most recent US inflation […]

Data on inflation might be encouraging for USD backers. The predicted decrease in inflation from the 9.1% peak in June may take longer than expected, which might be advantageous for the dollar and the risk markets. It is expected that the annual headline inflation rate would be 6.2%, which would be the lowest since October […]

KEY POINTS FOR UK EMPLOYMENT DATA Actual UK unemployment in December was 3.7% vs. forecasted 3.7%. Bonus (three months each year) (DEC) Actual 5.9% vs predicted 6.2% In keeping with projections, the UK’s unemployment rate remained steady during the three months ending in December 2022. People between the ages of 16 and 24 account for […]

The Pound to Dollar Exchange Rate Is Volatile After the announcement of Friday’s GDP figures, the Pound to Dollar (GBP/USD) exchange rate was impacted by choppy trading, but it did not much improve and fell to lows of 1.2050. The losses were mostly caused by a stronger US currency and growing concerns that the Federal […]

Following Thursday’s European start, the GBP/USD exchange rate saw significant increases that eventually reached a top just over the 1.2190 mark as equity markets saw net gains. The exchange rate between the pound and the euro (GBP/EUR) reached new weekly highs over 1.1300, and despite a fall to 1.1270, it registered its fifth straight day […]

Key Points for the UK GDP Q4 of 22: GDP 3-Month Avg (DEC) Forecast 0% Actual 0% Actual GDP YoY (DEC) -0.1% vs. forecasted 0.6% Actual GDP Growth Rate YoY Prel (Q4) 0.4% vs. forecasted 0.4% While the larger picture revealed that GDP was stable in the three months leading up to December 2022, the […]

Prices, Charts, and Analysis for GBPUSD This year, UK consumers will continue to suffer from sluggish growth and persistent inflation, according to the most recent blog post from the National Institute of Economic and Social Research (NIESR). The NIESR predicts that the official UK Q4 GDP, which will be reported tomorrow at 07:00 GMT, will […]

FUNDAMENTAL BACKDROP FOR GBP/USD The US employment news from Friday continues to boost the dollar index, which in turn prevents the pound to dollar from recovering. Contrary to the Bank of England (BoE), whose governor, Andrew Bailey, predicted that UK inflation would continue to decline, market players are pricing in a higher Fed Funds peak […]

As the market questions the BoE’s hiking cycle, the value of the pound declines. Due to a perceived difference between the US and UK central banks’ monetary policy stances, the Pound to US Dollar exchange rate suffered a setback on Tuesday. BoE signals that are dovish add weight. The recent increase in interest rates by […]