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Pound

9 January 2025
GBPUSD Extends Decline as Dollar Holds Ground

GBP/USD hits 1.2238, its lowest since Nov 2023, as bearish momentum persists; focus shifts to key 1.2039 support level. – vtmarkets.com

16 October 2024
GBP/USD Steady as Markets Eye UK Inflation Data

GBP/USD holds near 1.2200 as traders eye UK inflation data, which could shape BOE’s next move with a 25 bps hike likely in November. – vtmarkets.com

23 July 2024
Euro and the British pound directionless as China rate cuts and US election uncertainty creeps in 

Euro and the British pound trades directionless as forex markets react to China’s rate cuts and Biden’s election decision. Read more for market analysis and forecast

19 July 2024
British pound holds its strength over stable UK inflation and strong wage growth 

The GBPUSD pair reached a one-year high, driven by stable UK inflation and resilient wage growth, while the US dollar faces a challenging week.

15 July 2024
US Dollar retreats on cooling inflation data, Euro and Pound surge 

US dollar retreats as cooling inflation fuels rate cut speculation. Euro and pound surge while volatility spikes for yen. More about the market implications and forecasts.

5 July 2024
Dollar drops for 3 weeks; Pound steady after UK election

The U.S. dollar hovered near three-week lows on Friday, anticipating the release of payrolls data that could influence the outlook for interest rates. Meanwhile, the pound remained firm as the Labour party seemed poised to secure a significant majority in …

4 July 2024
Dollar weakens after soft data, Yen still struggling

The dollar faced pressure on Thursday following U.S. economic data that indicated slowing growth. Despite this, the yen remained weak, pinned near a 38-year low, prompting concerns about possible government intervention.

20 June 2024
Sterling holds steady ahead of BoE decision; Dollar falters against yen

Key points: Sterling last bought $1.2719 Dollar slipped 0.05% against the yen to 157.99 Euro rose 0.03% to $1.0747 The British pound held broadly steady on Thursday as the market awaited the Bank of England’s (BoE) rate decision. The dollar, …

17 June 2024
Week Ahead: Markets anticipate reports from central banks

The upcoming week is packed with key economic events that could significantly impact the markets. Here’s a detailed look at the key events to watch from 17th to 23rd June 2024, covering important announcements from China, Australia, the UK, and …

23 May 2024
Pound holds steady following election announcement, inflation data

Key points: The pound held at $1.2722, near a two-month high after inflation data and election announcement. British inflation rose by 2.3% annually in April, nearing the Bank of England’s target but slowing less than expected. The British pound held …

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