GBP Bounces BackThe British Pound is stabilizing today following a shar drop yesterday as traders speculated that the UK chancellor might be forced out of her role. Emotional scenes during the UK PMQs...
GBPUSD Capped by Shock UK Retail Sales Drop
Weak UK Retail DataGBPUSD is softening today from earlier highs following a shock disappointment in UK data this morning. UK retail sales were seen contracting 2.7% last month, a stark shift from the...
GBPUSD On Edge Ahead of BOE Meeting
BOE Meeting in FocusGBPUSD is on watch today as traders brace for the latest BOE rate setting meeting. While no cut is expected traders will be paying close attention to the latest outlook and...
GBPUSD Higher On Sticky UK Inflation Data
GBPUSD Testing Key LevelGBPUSD is trading in the green today with the pair fighting to recover ground after heavy losses yesterday. Fears that the US is ready to join Israel’s war against Iran has...
EURGBP Soars As UK GDP Plunges
UK GDP SlumpsGBP is under pressure today on the back of the latest UK economic data this morning. GDP was seen sharply lower last month at -0.3%, down from 0.2% prior and below the -0.1% the market...
Pound Plunges As UK Jobless Rate Jumps
UK Jobs Data WeakensGBPUSD has come under pressure today following a set of weaker-than-forecast UK labour market readings this morning. The unemployment rate was seen rising to 4.6% in the three...
GBPUSD: Inflation Rally Fading, Bearish Signals
UK Inflation JumpsGBPUSD traded up to fresh highs for the year today on the back of the latest UK economic data this morning. Annualised headline CPI was seen jumping to 3.5% from 2.6% prior, above...
GBPUSD On Watch Into BOE Meeting
Cable On Key SupportGBPUSD is sitting on a key support level ahead of the upcoming BOE rate decision due at the top of the hour. The market is widely expecting the BOE to cut rates while signalling...
GBPUSD Breaks Out to New Highs
UK/US Trade Deal HopesThe British Pound continues to strengthen on Tuesday with GBPUSD today breaking out to fresh highs for the year. Bullish sentiment is being bolstered this week by news that the...
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