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 […]
Sterling edged lower on Monday at the start of a data-heavy week in which investors will scan inflation prints from the UK and the U.S. to make bets on the pace of further interest rate hikes. UK inflation likely eased further in January to 10.2% […]
In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBP/USD’s upside could re target the 1.2270 area in the short term. Key Quotes 24-hour view: “We highlighted last Friday that ‘there is room for the weakness in GBP to extend […]
In light of the recent price action, GBPUSD could now attempt some consolidation in the short term, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: “We highlighted yesterday that GBP ‘is unlikely to strengthen further’ and we […]
The U.S. dollar surged in early European trade Thursday after the Federal Reserve signaled it will raise interest rates higher than expected, while sterling retreated ahead of the Bank of England policy meeting. At 03:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of […]