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According to the Consumer Price Index (CPI), UK headline inflation was +2.2% (YoY) in July versus the +2.3% rise forecasted and was a touch higher than June’s +2.0% print – the Bank of England’s...
Unemployment rate fell to 4.2%, with a decrease in both short-term and long-term unemployment. UK wage growth slowed to its lowest level in two years, yet surpassed market expectations. Despite...
GBP/USD is stabilizing ahead of key US and UK inflation data this week. Strong US inflation could shift rate cut expectations, while UK data may influence the Bank of England’s decisions. The pair...
GBP/USD Key Points Tuesday’s UK Construction PMI came in above expectations at 55.3, the highest reading in more than two years Time will tell whether traders are overly optimistic that the BOE will...
The British Pound has been under increased pressure over the past few weeks, facing serious resistance as it tries to break important long-term levels against the dollar and euro. GBP/USD exceeded...
The calls earlier this week for an emergency rate cut seemed to be a call for the Fed put, which, we argue is misunderstood. It is not about the stock market per se but financial stability, which did...
The US economy added 114K jobs in July, well below expectations. The private sector added 97K jobs, the smallest increase since March last year. The market's knee-jerk reaction was also exacerbated...
Fed’s Powell opens the door to a September rate cut, stocks rebound But dollar only tumbles against the yen, which surges after BoJ hike BoE rate cut bets intensity ahead of decision, pressuring...
The British pound sterling continues to decline steadily against the US dollar. The GBP/USD pair is trending towards 1.2848. On the one hand, the pressure from the USD rate is evident. On the other...
August has historically been the weakest month for GBP/USD and AUD/USD. EUR/USD seasonality hints at downside potential, but the broader post-2023 range remains intact. USD/CAD has tended to see...
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