The U.S. dollar may be losing its appeal as one of the few reliable safe-haven assets in times of economic and geopolitical uncertainty after an 18 month rally, and a further fall by the currency coul...
Tag: GBPUSD
GBP/USD rallies on higher core inflation; what comes next?
Today’s London session started with the much-awaited December UK inflation data. Central banks’ fight against inflation is one of the main themes in the financial world, so every piece of data matters...
GBP/USD price analysis: Bulls in the driver’s seat for now
The GBP/USD exchange rate continued its comeback after the US published its inflation data on Thursday and after the latest UK GDP numbers. The pair jumped to a high of 1.2246, the highest point since...
The U.S. dollar surrendered its status as the world’s premier safe haven in Q4. Here’s how.
The U.S. dollar’s status as one of the few dependable safe havens for investors during this year’s market mayhem started to erode during the fourth quarter, even as the greenback posted its biggest ye...
Should you buy or sell GBP/USD after the October UK inflation report?
The inflation report was one of the most-awaited pieces of economic data out of the United Kingdom this week. In October, inflation in the UK reached levels last seen over 40 years ago. More precisely...
U.S. stock futures surge after Wall Street’s best week since June
U.S. stock futures surged out of the gate late Sunday, after Wall Street notched its best week since June. Dow Jones Industrial Average futures YM00, +0.62% jumped more than 200 points, or 0.7%, on Su...
U.K. Markets Cheer After Liz Truss Resigns. Stocks, Bonds, and the Pound Gain.
British investors cheered the resignation of Prime Minister Liz Truss, whose recent budget plans disrupted markets and prompted intervention by the Bank of England. Stocks, bonds, and the pound crept ...
Have the bond vigilantes who attacked the U.K. killed off modern monetary theory? MMT proponent Stephanie Kelton says that’s nonsense.
As investors assesses the remarkable turnaround in fiscal policy from one of the world’s number-six economy, the U.K., the one conclusion surely is that a nation’s financial flexibility is limited by ...
GBP/USD price forecast after UK government policy reversal
In a stunning turn of events, the UK government announced today a U-turn in its recent policy and backed down on 45p tax rate cut. After the Bank of England’s intervention last week to calm the bond m...
Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.
It will be difficult for the stock market to stop its slide and find a bottom as long as the U.S. dollar keeps soaring versus its rivals, according to market analysts. Global stocks suffered a bruisin...
FTSE 100 shares to buy as the GBP/USD meltdown gains steam
The FTSE 100 index came under intense pressure as the GBP/USD crashed to the lowest level in more than 37 years. It was trading at £7,274, which was about 3.27% below the highest level this month. A w...
GBP/USD Reaches 1.1500 With UK Politics and Brexit Testing Buyers
The week started well for the Britain Pound Sterling, but the currency does not appear to be holding its progress. Wednesday witnessed the GBP/USD pair falling back to 1.1500, fading its corrective bo...
Has GBP/USD bottomed? Interview with Giles Coghlan, Chief Market Analyst at HYCM
This year’s British pound’s weakness surprised many market participants. A strong dollar may explain the GBP/USD exchange rate drop, but the pound remains weak across the board. To get a better persp...
Support for GBP/USD Pair With Economy Expansion in July M/M
The UK and its currency are going through a rough patch during the current economic calendar that could soon be revised, assuming the factors go in their endorsement in the coming times. The situation...
A surging U.S. dollar is already sending ‘danger signals,’ economists warn
The Federal Reserve’s aggressive efforts to wring out inflation have sent the U.S. dollar soaring to historic highs — further aiding the effort to get price pressures under control. Beware, however, t...
Why the ECB’s jumbo rate hike isn’t helping the beaten-down euro
The European Central Bank went big on Thursday, delivering a historically outsize 75 basis-point interest rate increase in its effort to get a grip on record inflation. Yet the euro, after a brief bou...
The Decline From the Lowest Levels Since 1985 for GBP/USD Pauses
Due to the UK economy’s particular sensitivity to the economic disruptions brought on by the coronavirus epidemic, the British pound decreased to its lowest level versus the dollar in 35 years. The po...
GBP/USD forecast: sterling could crash to parity in 2022
The GBP/USD price is hovering near the lowest level since 1985 as investors reflect on the new British government. The pair slipped to a low of 1.1447, which was about 17% below the highest level this...
U.K. may be on road to another IMF bailout, strategist warns
Is the U.K. on the road to an International Monetary Fund bailout? That’s the view of Peter Chatwell, head of global macro strategies trading at Mizuho Securities, as expressed in an interview on Bloo...
British pound seen trading near parity with the dollar, economists say, as selloff takes Wall Street by surprise
It’s a notion once thought impossible. As the British pound trades at its weakest level against the dollar in more than two years on Friday, some economists expect it could close in on parity with the...
GBP/USD forecast ahead of UK inflation and FOMC minutes
The GBP/USD price pulled back on Monday as investors prepared for a relatively busy week. The pair dropped to a low of 1.2100, which was slightly below last week’s high of 1.2277. The price is about 2...
BoE and US Fed Release Their Historical Data, Supporting the GBP/USD Pair
GBP/USD trading pair caught a lot of attention with the Bank of England and the US Federal Reserve doing their best to support it after a losing but eventful week. Forex brokers keep their eyes on the...
GBP/USD analysis as sterling ignores strong UK GDP data
The GBP/USD price moved sideways on Wednesday morning as investors reacted to the relatively strong UK GDP numbers. The pair is trading at 1.1893, which is slightly above this week’s low of 1.1810. Th...
GBP/USD Price Forecast – The British Pound Continues to Crumble
British Pound vs US Dollar Technical Analysis The British pound tried to rally at the beginning of the Monday session but came under pressure as soon as the Europeans stepped on board. The 1.20 level ...
GBP/USD Price Forecast – The British Pound Threatens 1.20
British Pound vs US Dollar Technical Analysis The British pound has fallen rather hard during the trading session on Friday to reach the 1.20 level. Because of the importance of this level, and the ps...
GBP/USD Price Forecast – The British Pound Continues to Be Noisy
British Pound vs US Dollar Technical Analysis The British pound rallied ever so slightly during the trading session on Friday but has also given back some of the gains just above the 1.23 level. Ultim...
GBP/USD Price Forecast – The British Pound Continues to Struggle With the Upside
British Pound vs US Dollar Technical Analysis The British pound has rallied a bit to kick off the Tuesday session, but it does seem as if we are struggling just a bit to continue to the upside. I thin...
GBP/USD price forecast ahead of the Fed and the BOE’s decisions
This week is full of important central banks’ decisions – the Fed, BOE, SNB, and BOJ are due in the next couple of days. On top of that, the ECB has announced an ad-hoc meeting today, sending the Euro...
GBP/USD forecast as the UK enters an era of stagflation
The GBP/USD continued its meltdown after the relatively weak UK GDP data and the rising worries of a recession. The pair crashed to a low of 1.2267, which was the lowest level since May 16th. It has f...
GBP/USD Weekly Price Forecast – The British Pound Slams Into Resistance
British Pound vs US Dollar Weekly Technical Analysis The British pound has turned around to show signs of strength, perhaps trying to recover the oversold condition. The candlestick is rather impressi...
GBP/USD forms rounding bottom ahead of UK retail sales data
The GBP/USD pair made a strong comeback ahead of the upcoming UK retail sales numbers. The pair rose to a high of 1.2500, which was the highest point since May 5th. It has risen by about 2.8% from its...
A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley’s Wilson
The U.S. dollar’s unrelenting surge is raising worries over corporate earnings, warned a closely followed Wall Street analyst, who noted that similar performances by the currency have historically led...