The United States and Israel launched military strikes on Iran over the weekend, killing Supreme Leader Ali Khamenei, and the attacks extended into Monday after Iran hit back, with blasts reported across Israel, the UAE, Qatar, Bahrain and Kuwait. U.S. President Donald Trump said more […]
GBP/USD rebound reflects an unwinding of oversold conditions rather than the start of a sustained uptrend, with gains likely capped near 1.3235. The pound to dollar exchange rate (GBP/USD) reached its lowest level since April last week at 1.3010, but has since recovered to 1.3170. The […]
Sterling has struggled of late, weighed by concerns surrounding the UK’s financial position. UBS sees the potential for further losses near term, but thinks the fiscal concerns are undone and gains are likely later in the year. At 06:15 ET (11:15 GMT), GBP/USD rose 0.2% to $1.2201, […]
ExchangeRates.org.uk – The Pound US Dollar (GBP/USD) exchange rate fell last week as shifting interest rate expectations and UK budget uncertainty weighed on the pairing. At the time of writing, GBP/USD traded at $1.3074, down around 0.4% on the week. The Pound (GBP) struggled at the start […]
The U.S. dollar fell Monday ahead of the release of minutes from the Federal Reserve’s July policy meeting and Chair Jerome Powell’s upcoming speech at Jackson Hole later this week. At 05:40 ET (09:40 GMT), the Dollar Index, which tracks the greenback against a basket […]
According to an investment bank analyst we follow, Pound Sterling can extend a recent advance against the Euro. Derek Halpenny, Head of Research for Global Markets at MUFG, says the British Pound will find itself particularly well supported against the Euro, given his expectations that the Bank […]
GBP/EUR supported near 1.1492, 1.1469 & 1.1454 Meeting resistance near 1.1616 & 1.1645 short-term Scope for 1.1476 to 1.1620 range with ECB in focus Could lose 1.15 if ECB looks to extend cycle further The Pound to Euro exchange rate was hobbled last week and could […]
GBP rally has faded over recent days Following a distinct H1 outperformance Barclays (LON:BARC) now bullish on GBPEUR Goldman Sachs (NYSE:GS) retains constructive stance NatWest (LON:NWG) Markets wary of negative impact of rising mortgage rates The British Pound was caught in tight trading ranges alongside the rest of the […]
The Pound to Euro exchange rate (GBPEUR) can extend its current rally over the coming days according to strategists at two investment banks. Both Barclays (LON:BARC) and CIBC Capital Markets say it is too soon to fight the Pound’s current trend of appreciation, even if there remain […]
The U.S. dollar climbed to three-month highs Wednesday after Federal Reserve Chair Jerome Powell guided towards a higher terminal rate than previously expected on the first day of his testimony before the U.S. Congress. At 03:10 ET (08:10 GMT), the US Dollar Index, which tracks the […]