#GBPUSD

Pound to Dollar Spot Exchange Rate, Analysis and News



Futures Point to Full Week of Gains After Sharp Correction US equity markets could end the week with a full house of gains as long as indices manage to hold onto the small gains being seen in futures ahead of the open.This would also bring...
The pound rose again on Friday as it headed for its best weekly performance since September against a dollar down across the board, as traders prepared for the release of UK retail sales figures. Sterling gained 0.1 percent to $1.4119 after hitting a day’s high...
British inflation unexpectedly held close to its highest level in nearly six years in January, highlighting the challenge the Bank of England will face as it tries to return price growth to target over the next two years. Consumer price inflation remained at an annual...
Talking Points:Traders supporting the markets with more buying pressure. The US bond yields have not reacted to the new spending news yet. Bank of England's policymaker Gertjan Vlieghe thinks that the UK's economy is ready for higher rates. UK’s CPI number has a...
Here are the latest developments in global markets:FOREX: The dollar index traded nearly 0.4% lower on Tuesday, as concerns over rising US deficits and the nation’s long-term debt sustainability continued to pressure the world’s reserve currency.STOCKS: US stock indices advanced yesterday, recovering some of their recent losses....
US stocks posted strong gains overnight, booking the first two day winning streak in February. US equity indices rebounded from a historically poor past week, which saw the Dow Jones, the S&P and the Nasdaq all shed over 5% in their worst weekly performance in...
Stock markets in Europe are firmly higher as investors are more optimistic, and are snapping up relatively cheap equities.The fear that was prevalent in traders’ psyches last week has disappeared today. This is certainly a bullish start to the week, and if equity benchmarks...
NAB Research discusses the reaction to today's BoE policy meeting in which MPC voted to maintain the Bank Rate at 0.50% and the stock of purchased assets financed by the issuance of central bank reserves at £435 billion."The BoE has communicated a step-change in its view...
Sterling jumped and stocks hit session lows on Thursday after the Bank of England said interest rates probably needed to rise sooner and by a bit more than it thought three months ago, with investors now betting on a hike as soon as June.Against...
Investors across the globe are finding it difficult time currently to decide on whether to buy the recent dips, or to remain on the sidelines until the dust settles. After gaining 1.2% on Wednesday, the S&P 500 closed 0.5% lower in the biggest reversal since...
Here are the latest developments in global markets:FOREX: The dollar index was marginally lower on Thursday, after previously posting notable gains on Wednesday, as yields on longer-dated US Treasuries moved higher. Meanwhile, sterling was a little higher ahead of the Bank of England’s “Super Thursday” policy meeting. The...
European markets broke their six day losing streak yesterday posting some decent gains in the process but significantly the rebounds while decent, still weren’t able to get markets back to the levels seen at the Monday close.US markets underwent another turbulent day, opening lower initially,...
European stocks are headed sharply lower start thanks to the weak lead given to them by Wall Street. The FTSE 100 is set to open just above its December lows. The next day after an unusually big sell-off is always a big test of...
The pound climbed to a new post-Brexit high on Wednesday following the release of employment and wage growth data from the United Kingdom. Sterling jumped 0.75% against the dollar to $1.41015 at 09:56 am GMT, and 0.32% versus the euro to €1.1421 at 09:57 am GMT.Wages...
Investors have one less thing to worry about, the US government shutdown is over. President Trump has signed the stoppage bill and kicked the can until the Feb 8th. The drama could potentially return at a later stage (February 8) and the dollar index...
US markets continued to hit new records yesterday, this time led by the Nasdaq which in turn now appears to be lifting more boats with the German DAX finally making a new record high above 13,500, joining a party that has seen the FTSE100...
Sterling briefly pushed above the $1.40 mark on Tuesday, extending a rally in which growing optimism about the UK economy and protracted dollar weakness have trumped worries about the terms of Britain’s exit from the European Union.Many investors are also betting that Britain can...
Last week was good for the British pound, and the cable is still near the few-month highs as we are heading into week 4 of January. It looks like the market has finally abandoned all concerns with the Brexit negotiations, allowing the politicians to...
It was Monday madness as always with the US government shutdown dealing a blow to the dollar and markets as always storming onwards when it comes to trading. One of the surprise winners today was the GBPUSD which has continued its strong run against...
Asian shares were broadly lower overnight, as softer Chinese iron ore prices weighed on the miners.  Chinese iron ore futures were 2% lower, as stockpiles at Chinese ports jumped to their highest level in over 13 years. US stock markets were closed for Martin...
European markets underwent a quiet and negative start to the new trading week in the absence of US markets yesterday, with most of the focus on the US dolla,r which has continued to drift lower, hitting its lowest levels in three years, after four...
Bank of America Merrill Lynch FX Strategy Research discuss GBP outlook and thinks that going into early 2018, there are asymmetric risks from Brexit news for sterling."In our view, the risks to GBP are asymmetric. We continue to believe that the bar to further GBP...
Barclays Capital Research discusses GBP/USD outlook and thinks that the pair is prone for a correction lower in the near-term."The prospects for a tactical USD rebound will likely be the main driver for cable this week amid a light UK data and events calendar, which includes...
Here are the latest developments in global markets:FOREX: The dollar traded slightly higher versus a basket of currencies after yesterday reaching its lowest since late September. The euro retreated a bit versus the dollar after trading around three-year high levels on Tuesday.STOCKS: Hong Kong’s Hang Seng...
The FTSE 100’s positive run continues as the index has set another record high this morning.Consumer stocks are in high demand as the Santa rally gets under way, Next, Burberry, and Associated British Foods are all higher on the session.The IBEX 35 is firmly in the red after the Catalan nationalists secured...
USD regained some steam heading into the weekend as did US equity markets as  Tax reform finality is in sight.G10 dealers are expected to ease into Christmas and New Year break. So expect low liquidity, and year-end flows will begin to factor into the...
Asian equities were mostly higher on Monday after Wall Street closed on record highs last Friday the U.S. Congress seemed very close to passing a final bill that will reduce corporate taxes from 35% to 21%.The House and Senate are expected to vote on...
2016 turned out to be a bit of a shocker for the pound which had its worst year since 2008, falling 16% against the US dollar and 11.5% against the euro, as a result of the outcome of the Brexit referendum vote.The pound had...
Here are the latest developments in global markets:FOREX: The dollar was little changed against a basket of currencies ahead of a two-day meeting by the Federal Reserve that is to commence later in the day. The New Zealand dollar maintained positive momentum from yesterday, rising...
US markets showed signs of life once again on Thursday, moving higher and recovering after a couple of down sessions. The tech heavy Nasdaq led the charge northwards, with the likes of Facebook, Google parent Alphabet and Apple gaining between 1.4% - 2.4% each.FAANG’s...

Latest

Popular

Gold Commodity

Gold Technical Analysis

Gold futures are down by almost a percentage point. The decline in the dollar is associated with rising yields in the U.S treasuries and...
Gold Commodity

Gold Rally Could Grow Legs on Long-term Trend-line Break, Silver to Follow

GOLD/SILVER HIGHLIGHTS:Gold threatening to break key long-term trend-line Weekly close above will be needed to qualify as a sound breakout Silver has resistance but will...
US Dollar Currency

Dollar trapped in negative sentiment; European stocks set for weekly gains

Here are the latest developments in global markets:FOREX: Despite rising US Treasury yields, the dollar was under pressure against its major peers, with traders attributing...