Federal Reserve

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 Plunges as ECB Signals Rates Have Peaked, Pound Slides as UK Economy Weakens

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Euro (EUR) Banknotes

The Pound faced selling pressure this week as downbeat economic data sparked recession fears and dampened Bank of England (BoE) interest rate hike bets. Meanwhile, the Euro plunged after the European Central Bank (ECB) raised rates but indicated that this may have been its last hike. Pound Falls amid Poor UK Data GBP/EUR – Unchanged … Read more Euro Plunges as ECB Signals Rates Have Peaked, Pound Slides as UK Economy Weakens

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

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

Pound Bolstered by BoE Rate Hike Bets, US Dollar Sumps as Investors Rein in Fed Expectations

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Pound Sterling

Pound (GBP) Climbs amid BoE Rate Hike Bets The Pound (GBP) saw gains against many of its rivals today. Sterling continued to be supported by strong bets on a 0.5% interest rate hike from the Bank of England (BoE) this week. According to Bloomberg, investors are anticipating a 70% chance of a 50-bp hike. Major … Read more Pound Bolstered by BoE Rate Hike Bets, US Dollar Sumps as Investors Rein in Fed Expectations

GBP/AUD Rises to 2.13

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GBP/AUD Heads Higher The Aussie dollar has had a rough ride since my last post, losing over 4.5% in July, thanks to falling commodities prices and increasing concern over the Chinese stock market situation. The Australian dollar has fallen significantly, dropping to 2.13, a move reflected in other commodities currencies, namely the Kiwi and Canadian … Read more GBP/AUD Rises to 2.13

GBP/AUD Remains in Tight Range

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GBP/AUD Rangebound There hasn’t been much to report for the sterling/aussie cross over the last few weeks as the pair has been stuck in a fairly tight range. The situation in Greece continues to dominate headlines, with most market movement the result of progress, or lack thereof, of negotiations between Greece and its creditors. The … Read more GBP/AUD Remains in Tight Range