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It has been a busy week for the British pound. GBP/USD has climbed 0.66% today and is trading at 1.1566. This follows the pound’s huge decline on Tuesday, as the U.S. dollar pummelled the major...
Yesterday we wondered whether the dollar retreat was a correction or a reversal. But the reaction of the financial markets to the US inflation report has put everything in its place by confirming that...
The inflation report marathon continues; it was the UK's turn this morning. Traditionally, the consumer price change figures attracted the most attention. For the month, they rose by 0.5% (slightly...
Everyone had the US CPI print on their radar as the marquee risk event of the week, and it proved to be just that. There has been a sentiment shift, and the psychology of the market has changed -...
Normally investors refer to NFP Friday as the most important day of the month for traders, but now CPI Tuesday seems to have taken first place.Investors are eager to see whether the inflation rate has...
The death of Queen Elizabeth II on Sept. 8 beaconed a new era for the UK, coming on the heels of Elizabeth Truss taking office as prime minister and heralding the proclamation of King Charles as the...
The Cable started the week strongly amid a better mood across the markets. The GBP/USD pair gapped higher and stretched to its highest level since Aug. 30 despite weaker-than-anticipated U.K. data.At...
GBP/USD starts the week by rallying to 1.1620. Due to the death of the Queen, the Bank of England postponed its meeting, and hence, the decision on the interest rate from Sept. 15 to Sept. 22.Most...
Sterling has started the trading week with sharp gains. In the European session, GBP/USD is trading at 1.1678, up 0.80% on the day.Pound soars despite weak UK dataIt’s a busy economic calendar...
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