Forecast Poll BULLISH PERCENTAGE INDEX COT NET POSITIONING FXS Forecast GBP/USD: Pound Sterling not out of the woods yet ahead of Trump 2.0Premium The Pound Sterling recovered from 14-month lows of 1.2100 versus the US Dollar. GBP/USD braces for Trump 2.0, UK labor data and global preliminary...
The Pound Sterling reached its highest level in a year versus the US Dollar, 1.3050 tested. GBP/USD appears to be a ‘buy-the-dips’ trade in the action-packed week ahead. Pound Sterling reverses from the overbought zone, implying more upside going forward. ...
Of course, how this will impact on the Dollar is not exactly clear - the usual relationship is that what is bad for stocks is good for the Dollar because when all is said and done the US Dollar is still a safe-haven currency but it's not by any means a straight line correlation. T...
Meanwhile, the euro and commodity-based currencies rose against the dollar, which in turn bested the lower-yielding yen as the greenback touched a six-week high versus its Japanese counterpart.Wall Street Journal - Eastern EditionFroymovich
the franc or the US dollar. When we say a carry trade, we mean lending or purchasing a currency with a higher interest rate and borrowing or selling a currency with a lower interest rate. Almost a decade ago, carry trades became very popular and this led to increased demand for the ster...
We have lowered our forecast for UK economic growth following the vote to leave the EU on 23 June. GDP growth is now forecast at 1.1% in 2017 and 1.4% in 2018, and the medium-term outlook has also been nudged down. We have also lowered o... ...
A toxic cocktail of a strengthening dollar and growing market fears about the UK economy have hit hard. Let's look at the pound first. It is trading at $1.22 this morning – a level last seen in November 2023. The spot rate had stood as high as $1.34 in September. ...
CurrencyShares British Pound Sterling (NYSEArca:FXB)is up 7% in the past six months, and has been showing strength in what has been really trying times in Europe. According to Gold Alert, the pound will rise to 1.82 against the U.S. dollar and to 0.78 versus the euro by the end of ...
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The rate of inflation is now well above the Bank of England's 2.0% target and above the 3.0% forecast by the Bank back in August and looks set to remain above target for months to come. "GBP is up versus USD and EUR. GBP can edge higher because the BoE is more worried about run...