Investors are directing their attention toward the upcoming release of the United Kingdom Consumer Price Index (CPI) data, scheduled for Wednesday at 06:00 GMT.
Read More
The US Dollar (USD) remains under selling pressure, resulting in a 15-month low, as the market anticipates the Federal Reserve (Fed) concluding its policy tightening cycle.
Read More
Official figures revealed that the U.K. economy contracted by 0.1% in May, which was lower than the Reuters poll of economists' forecast of a 0.3% month-on-month contraction.
Read More
The Pound Sterling (GBP) faced resistance near a 15-month high at 1.2970 due to strong labor cost data in the UK. The GBP/USD pair gained strength as the possibility of a significant interest rate hike by the Bank of England (BoE) increased.
Read More
Wages excluding bonuses in the U.K. grew at their joint-fastest rate on record in the three months to May, rising by 7.3% from the same period last year, the Office for National Statistics revealed Tuesday.
Read More
The Pound Sterling (GBP) is experiencing selling pressure as market participants adopt a cautious stance in anticipation of a speech by Bank of England (BoE) Governor Andrew Bailey on Monday at 15:00 GMT.
Read More.png)
The negative shift in risk sentiment on Wednesday strengthened the USD and caused GBP/USD to end the day with losses.
Read More
The hawkish stance of the Federal Reserve indicates that a 25 basis points increase is expected during the upcoming FOMC meeting, leading to a rise in US Treasury bond yields.
Read More
The recent softening of US macroeconomic data raises concerns about the Federal Reserve's ability to continue raising interest rates and dampens bullish sentiment towards the USD.
Read MoreLOADING...