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 […]
How far should sterling now rally? Economists at ING believe that the GBP/USD pair is unlikely to trade above the 1.15 level. Do not chase sterling higher “While there may be some more fiscal positives to come were the Conservatives to look at a windfall tax on […]
The euro edged lower against the dollar on Monday, as investors weighed the potential size of an expected Federal Reserve interest rate rise later this week. As of 03:13 EST (0713 GMT), the EUR/USD was trading down 0.15% at $1.0194, falling back slightly from a recovery […]
Sterling continues to defy some of the more bearish forecasts. Economists at ING expect the GBP/USD pair to edge higher towards 1.24 amid some respite in equities. Equity rally could help sterling “Headlines could be grabbed this afternoon by news that Conservatives in the lower house have […]
SYDNEY (Reuters) – The dollar rose past the psychological level of 130 yen on Thursday for the first time since 2002, after the Bank of Japan (BOJ) doubled-down on its super-low yield policy, while the euro briefly fell below another symbolic mark of $1.05. There had been […]
The U.S. dollar pushed higher in early European trade Wednesday, with the euro under pressure, with the intensifying conflict in Ukraine prompting demand for the world’s reserve currency. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six […]
EUR/USD has recovered modestly after dropping to fresh monthly lows. Technical outlook suggests that the near-term bearish bias remains unchanged. Investors wait for the US Federal Reserve to announce its policy decisions. EUR/USD has erased a small portion of its weekly losses after touching its lowest […]