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The UK Consumer Price Index delivered another "positive" surprise, adding 2% for October, above the average forecast of 1.7%. Annual inflation accelerated to 11.1% against 10.1% previously and the...
The British pound has reversed directions on Tuesday and posted sharp gains. In the European session, GBP/USD is trading at 1.1902, up 1.22%. The pound has punched above 1.19 for the first time since...
GBPUSD is looking bullish in the short term after surging above its daily moving averages (MAs) and the long-term descending trend line. Prices hit a two-and-half-month high of 1.1853 on Friday, and...
The British pound has started the week with considerable losses. In the North American session, GBP/USD is trading at 1.1733, down 0.83%. US Dollar Claws Back It was a week to forget for the US...
Risk appetite improved worldwide after signs of cooling in US inflation and the prospects of a dovish tilt by the Federal Reserve. The US dollar weakened against other counterparts. However, markets...
The GBP/USD rally gained new momentum on Friday morning, following a respite after the 3% rise on Thursday. The British currency was supported predominantly by better-than-expected economic data and...
The British pound has extended its gains today, following a huge Thursday. In the European session, GBP/USD is trading at 1.1729, up 0.15%.US dollar crashes after soft inflation reportThe US dollar...
The British pound has soared today, following the U.S. inflation report. GBP/USD is trading at 1.1661, up a massive 2.7%.U.S. Dollar Retreats as Inflation FallsThe October inflation report was lower...
OANDA Senior Market Analyst Craig Erlam discusses the latest developments in GBP/USD as the Federal Reserve and Bank of England hike interest rates by 0.75%.
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