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UK GDP contracts in May but beats estimate British pound hits 15-month high against the US dollar The British pound continues to rally against the US dollar. GBP/USD has risen to 1.3068, up 0.62%. The...
U.K. inflation is highest among G7 countries and inflation in Eurozone is expected to stay elevated until 2025 This is set to ensure a hawkish policy until inflation is under control Meanwhile,...
UK unemployment rises to 4% in the three months to May, up from 3.8% Average earnings hit 7.3% (excluding bonus) and 6.9% (including bonus) Markets expect BoE to raise rates another 1.25% UK jobs data...
UK labour market data is making the Bank of England's task of fighting inflation complex, with markets increasing expectations of a 50bp rate hike in early August. But we focus on falling employment,...
UK employment falls but wage growth remains high BoE Governor Bailey says inflation will fall but more rate hikes needed The British pound has edged upward on Tuesday. In the European session, GBP/USD...
The US dollar is stabilizing after Friday’s big NFP-driven drop, but a Fed rate hike later this month remains the odds-on likelihood ahead of CPI tomorrow. GBP/USD dropped a quick 100 pips at...
Friday's US employment report sparked a sell-off in both the dollar and stock indices, as the pace of job creation missed forecasts, but hourly earnings growth beat expectations.The economy added 209k...
OANDA Senior Market Analyst Craig Erlam discusses the latest moves in GBPUSD in light of the recent US economic data. Original Post
Another day brings another set of data to support further Fed tightening. That should be the main story with the release of US personal income data and the core PCE deflator for May. Barring a data...
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