BoE

Pound Climbs following Hawkish BoE Comments, US Dollar Declines as Markets Rethink Fed Bets

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Pound Sterling

The Pound rallied this week as hawkish Bank of England (BoE) comments and strong PMI results boosted the UK currency. Meanwhile, the US Dollar continued to weaken as markets bet on interest rate cuts from the Federal Reserve and the market mood improved. Pound Rallies as UK Service Sector Activity Expands GBP/EUR – Up one … Read more Pound Climbs following Hawkish BoE Comments, US Dollar Declines as Markets Rethink Fed Bets

US Dollar Nosedives as Inflation Cools, Pound Stumbles following Softer CPI

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US Dollar

The Pound initially found success this week before cooling inflation and contracting retail sales stifled GBP’s upside potential. Meanwhile, the US Dollar plummeted as a softer-than-forecast consumer price index saw markets scale back bets on another Federal Reserve interest rate hike. Pound Undermined by Cooler Inflation Figures GBP/EUR – Unchanged on the week’s opening levels … Read more US Dollar Nosedives as Inflation Cools, Pound Stumbles following Softer CPI

Pound Undermined by BoE Comments, US Dollar Rallies as Fed Strikes Hawkish Tone

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Pound coins

The Pound fell against its stronger rivals this week amid a pullback in Bank of England (BoE) interest rate hike bets. Meanwhile, the US Dollar recouped last week’s losses amid a risk-off mood and hawkish comments from the Federal Reserve. Pound Dented by Dovish BoE Comments GBP/EUR – Down one cent on the week’s opening … Read more Pound Undermined by BoE Comments, US Dollar Rallies as Fed Strikes Hawkish Tone

Pound Fluctuates amid Dovish BoE, US Dollar Slides as Job Market Cools

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Pound Sterling

The Pound wavered this week, as a shift towards bullish trade cushioned Sterling after the Bank of England (BoE) left interest rates unchanged. Meanwhile, the US Dollar weakened as weaker US jobs data was taken as confirmation that the Federal Reserve has ended its tightening cycle. Pound Undermined as BoE Keeps Rates Unchanged GBP/EUR – … Read more Pound Fluctuates amid Dovish BoE, US Dollar Slides as Job Market Cools

Euro Tumbles as ECB Pauses Rate Hiking Cycle, Pound Weakens amid UK Economy Fears

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Euro (EUR) Banknotes

The Pound fell this week as downbeat UK data raised concerns about the country’s economic health. Meanwhile, the Euro dropped as the European Central Bank (ECB) left interest rates unchanged. Pound Declines amid Weak Economic Data GBP/EUR – Unchanged on the week’s opening levels GBP/USD – Down half a cent on the week’s opening levels … Read more Euro Tumbles as ECB Pauses Rate Hiking Cycle, Pound Weakens amid UK Economy Fears

Pound Wavers amid Muddled BoE Guidance, US Dollar Slides on Downbeat Jobs Data

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Pound coins

The Pound fluctuated this week as a lack of clarity in the Bank of England’s (BoE) future policy plans muddied the waters. Meanwhile, the US Dollar suffered a selloff as worrisome US jobs data saw markets pare back bets for further interest rate hikes from the Federal Reserve. Pound Oscillates amid Vague BoE Guidance GBP/EUR … Read more Pound Wavers amid Muddled BoE Guidance, US Dollar Slides on Downbeat Jobs Data

Pound Slumps as UK Business Activity Contracts, Euro Weakens following Disappointing Data

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Pound Sterling

The Pound faced heavy selling pressure this week after dire economic data raised the spectre of a possible UK recession. Meanwhile, the Euro also suffered at the hands of gloomy economic reports, with contracting private sector activity and ongoing German weakness denting EUR. Pound Slides as Recession Fears Swirl GBP/EUR – Down half a cent … Read more Pound Slumps as UK Business Activity Contracts, Euro Weakens following Disappointing Data

Pound Rocked as BoE Delivers Dovish Hike, US Dollar Rallies in Risk-Adverse Trade 

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Pound coins

The Pound traded in a wide range over the past week as the Bank of England (BoE) delivered its latest interest rate decision.  Meanwhile, the US dollar trended broadly higher this week amid an uptick in safe-haven demand.  Pound Fluctuates amid BoE Rate Decision  GBP/EUR – Down one cent on the week’s opening levels  GBP/USD … Read more Pound Rocked as BoE Delivers Dovish Hike, US Dollar Rallies in Risk-Adverse Trade 

US Dollar Rallies amid Rising Fed Rate Hike Bets, Hawkish ECB Lifts the Euro

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US Dollar

The US Dollar rallied this week as comments from Federal Reserve Chair Jerome Powell and upbeat US data bolstered US interest rate expectations. However, softer inflation data trimmed USD’s gains. The Euro, meanwhile, firmed on the back of hawkish remarks from European Central Bank (ECB) President Christine Lagarde, before relinquishing a portion of these gains … Read more US Dollar Rallies amid Rising Fed Rate Hike Bets, Hawkish ECB Lifts the Euro

US Dollar Soars then Slumps amid Fed Rate Hike Speculation, Pound Recovers as UK GDP Beats Forecasts

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US Dollar

The US Dollar shot to new multi-month highs this week after some hawkish comments from Federal Reserve Chair Jerome Powell stunned markets. However, USD shed these gains through the latter part of the week. Meanwhile, the Pound initially suffered a major setback this week before bouncing back on stronger-than-expected UK GDP data. Pound Revived by … Read more US Dollar Soars then Slumps amid Fed Rate Hike Speculation, Pound Recovers as UK GDP Beats Forecasts