#GBPUSD

Pound to Dollar Spot Exchange Rate, Analysis and News



The Fed, as good as confirming a June rate hike successfully took trader’s attention away from trade; boosting the dollar as well as US equities, which had been languishing range bound in the red. The minutes from the May meeting were about as equity...
European markets got off to a fairly decent start to the week, helped by the de-escalation on trade between China and the US, though activity was subdued by the Whitsun bank holiday in Germany. the FTSE 100 and FTSE 250 posted new record highs, while...
Here are the latest developments in global markets:FOREX: The US dollar index, which tracks the greenback’s performance against a basket of six major currencies, traded 0.1% higher on Friday, recouping some of the losses it posted on Thursday following weaker-than-anticipated US inflation data. The...
The Bank of England held interest rates on Thursday and said weak growth during a snowy start to 2018 was likely to be only temporary, but it wanted to see a pick-up in the economy in the next few months before raising borrowing costs.In...
A hawkish hold from the BoE?The Bank of England will give its rate decision at the conclusion of the two-day Monetary Policy Meeting on Thursday at 12:00. Just one month ago investors were pricing in an almost 90% probability of the BoE hiking rates...
The British pound languished near a four-month low on Wednesday as the dollar rallied and traders sold sterling the day before a Bank of England meeting where interest rates are expected to be kept on hold.UK economic data have taken a turn for the...
More Volatility on the Way!!The US administration Iran deal exit announcement rolled out in typical President Trump spectacular fashion, but at the end of the day, the market’s response was somewhat unenthusiastic with few substantive changes in Gold, Yields or equities.But that belies the...
Talking Points:White House announced that it has reached a better deal. UK manufacturing number printed a reading which wasn’t overwhelming. The precious metal itself is under pressure.Trump decided to extend relief from steel tariffs. Apparently, he is still in a process of striking...
BTMU Research discusses GBP/USD outlook in light of changing its BoE rate call to no hike in May."That change in view on the back of the GDP data is already now close to the consensus. Market probability of a rate hike has gone from 90%...
Buying sentiment towards the British Pound was dealt a severe blow on Friday following reports that the U.K economy grew much slower than expected in Q1.U.K GDP growth slowed to 0.1% in the first quarter, much worse than the expected 0.3%, and its weakest...
The British pound has posted sharp losses in the Friday session. Currently, GBP/USD is trading at 1.3767, down 1.08% on the day. On the release front, there are key events on both sides of the pond. British Preliminary GDP for the first quarter posted...
A solid finish in Wall Street thanks to an Amazon boosted tech sector, lifted Asian stocks overnight and looks set to work its magic on the open in Europe, as major bourses point to a positive start.The strong US finish from a rebounding tech...
Britain’s economy slowed much more sharply than expected in the first three months of 2018, with heavy snow only partly to blame, raising major questions over whether the Bank of England will raise rates next month.Britain’s economy grew at its weakest pace since the...
Eurozone stocks are driving higher as the dip in the euro has boosted equity benchmarks.EuropeThe euro has sold off after the latest update from the European Central Bank (ECB), and the slide has helped the DAX and CAC 40, while the FTSE 100 is being dragged higher by...
European bourses are pointing to a stronger start on the open following a late rally on Wall Street. The Dow snapped a 5-day losing streak late in the session, as strong earnings finally overshadowed US 10-year yields getting comfortable at multiyear highs.US 10 year...
EUR/USD: Neutral (since 05 Mar 18, 1.2335): Pressure shifts to the downside, expect further weakness to 1.2212.We highlighted last Friday that the near-term bias is “tilted to the downside but any weakness is viewed as part of a 1.2260/1.2400 sideway trading range instead of...
Sterling slipped to a two-week low against the dollar on Monday as investors questioned whether the Bank of England would raise interest rates in May following weaker-than-expected economic data and cautious comments from governor Mark Carney.The pound has been one of the best performing...
Stocks Benefiting From Lack of Escalation on Global IssuesWe could be in for a relatively calm end to the week, which investors may welcome given how beneficial it has been over the course of the week.A slight down day on Thursday and marginal losses...
The FTSE 100 has been given a slight boost by the dip in the pound.Sterling lost ground after a slightly dovish update from the head of the Bank of England last night. The prospect of a rate hike in the UK next month has now...
Here are the latest developments in global markets:FOREX: The US dollar index is practically unchanged on Friday, after it posted solid gains earlier on Thursday on the back of rising US Treasury yields. Sterling/dollar was 0.3% lower, with the British pound extending the losses it posted yesterday, after...
US  stock market had its first loss of the week as technology companies and consumer products went south.Overall earnings were quite bullish for markets, but there are the usual post earnings pessimism permeating  markets that this is about as good as its going to...
Despite background noise that continues to reverberate with concerns about trade, markets in Europe look set to close higher for the fourth week in succession, despite a mixed session yesterday, helped at the start of the week by relief that last weekend’s cruise missile...
TD Research discusses GBP outlook and keeps flagging near-term downside risks, noticing that GBP continues to lag the broader G10, as the soggy CPI data and some negative Brexit headlines have inspired some position squaring."We think this squeeze has some room to go, which reflects...
The British pound has steadied in the Thursday session, after considerable losses on Wednesday. In North American trade, GBP/USD is trading at 1.4205, down 0.01% on the day. On the release front, British Retail Sales plunged 1.2%, worse than the estimate of -0.5%. US unemployment claims...
Equities in Asia received a boost as a result of higher commodity prices and strong U.S. earnings announcements. Energy and mining stocks are leading the gains this morning, as Brent and WTI traded at their highest levels since late 2014. Oil found support after...
Here are the latest developments in global markets:FOREX: The US dollar index is higher today, but by less than 0.1%. Aussie/dollar is up by 0.2%, lifted by a notable rally across commodities. Meanwhile, the loonie steadied against the dollar, after it plunged yesterday on the...
In recent days, the cable has been one of the best performing currency pairs. It has risen from a low of 1.3700 in early March to a high of 1.4400 yesterday. The surge the pair has experienced can be attributed to several factors. First,...
Here are the latest developments in global markets:FOREX: The US dollar index was practically unchanged on Wednesday, after it posted some gains on Tuesday. The Japanese yen and the Swiss franc were on the back foot as geopolitical risks were perceived as easing, while the British pound...
Strong US markets appear to be helping shore up European stocks as a series of earnings beats pushed the S&P500 and Dow to their highest levels since the 22nd March, as well as above their 50 day moving averages.This was driven largely by a strong...
The strong performance of U.S. equities on Monday and better than expected Chinese GDP failed to inspire Asian markets today. Equity benchmarks in Tokyo were slightly lower along with China’s CSI and Kospi 200, while Australian ASX rose on support from the materials and...

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