GBP/USD hits 1.36 as soft US PPI, jobless claims fuel rate cut bets
GBP/USD extended its gains on Thursday following the release of another inflation report in the United States (US), which increased the odds that the Federal Reserve (Fed) could resume its easing cycle sooner than expected. This, along with a rise in jobless claims, was a tailwind for the Sterling, which trades at 1.3600 against the US Dollar (USD), up by over 0.47%.Read More…
Pound Sterling advances against US Dollar amid uncertainty over Trump’s tariff policy
The Pound Sterling (GBP) jumps to near 1.3600 against the US Dollar during European trading hours on Thursday. The GBP/USD pair trades firmly as the US Dollar underperforms its peers due to uncertainty surrounding the tariff policy. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, posts a fresh three-year low near 97.80. Read More…
GBP/USD: Unlikely to reach 1.3620 for now – UOB Group
Further rebound is not ruled out, but Pound Sterling (GBP) is unlikely to reach 1.3620 against US Dollar (USD). In the longer run, GBP appears to have moved into a 1.3495/1.3620 range trading phase, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Read More…
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Elroy Guillemette