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The British pound continues to lose ground. GBP/USD is trading at 1.3436. down 0.33%. Earlier in the day, the pound fell to 1.1304, its lowest level since 1985.Fed Expected To Hike By 0.75%The Federal...
When was the last time the British pound sterling traded at parity (1.00) with the US dollar?No need to dig out your history books; it’s a trick question. The pound has Never traded at parity...
The FOMC meeting may get the headlines this week. Still, with interest rate futures pricing 65bp of hikes this week’s BoE meeting - essentially a 40% chance of a 50bp hike and 60% of 75bp...
The week ahead is busy. Three G7 central banks meet, the Federal Reserve, the Bank of Japan, and the Bank of England. In addition, Japan and Canada report their latest CPI readings, and the flash...
FTSE 100The FTSE 100 index was down by -1.56%. We think consolidation in 7.230 - 7.330 is likely in the coming week.IndicatorsRelatively quiet week for the British index, especially when to its...
A package of retail sales statistics in Britain appears to have removed the last layer of support for the Pound, sending it into a dive. GBP/USD earlier today renewed its lows since 1985, dropping to...
The British pound continues to lose ground after a brutal retail sales report. The pound dropped as low as 1.1350 earlier today, its lowest level since March 2020. GBP/USD is trading at 1.1373 in the...
The British pound is in negative territory today and has fallen below the 1.15 line. In the North American session, GBP/USD is trading at 1.1497, down 0.38%. US Retail Sales, Jobless Claims Beat...
A fresh serving of US data should keep the market's expectations hawkish. The move in the interest rate differential plays in the dollar's favour and reduces the room for a recovery in the euro. The...
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