
Pound Tumbles as Rate-Hike Bets Cut on Renewed Recession Fears
(Bloomberg) -- The pound tumbled and investors rushed to the safety of government bonds after an index of UK private sector growth unexpectedly slid in May to reawaken fears of a...
(Bloomberg) -- The pound tumbled and investors rushed to the safety of government bonds after an index of UK private sector growth unexpectedly slid in May to reawaken fears of a...
GBP/USD has declined sharply after having tested 1.26. As FXStreet’s Eren Sengezer notes, sellers could retain control if the pair fails to reclaim 1.
GBP/USD has reversed its direction in the European session on Tuesday and dropped below 1.2500, erasing the majority of the gains it registered on Mon
By Gina Lee Investing.com – The dollar was up on Tuesday morning in Asia. The safe-haven asset clawed back some of its overnight losses, and the yen also strengthened, as U.S. stock futures...
The GBP/USD pair is oscillating in a narrow range of 1.2560-1.2593 in the early Tokyo session as investors are awaiting the release of the Purchase Ma
The British pound is extending its recovery after posting its first weekly gain in five and begins the beginning week on the right foot on Monday. At
GBPUSD breaks above the 38.2% retracement The GBPUSD has seen a break and move above its 38.2% retracement of the last trend move down which started on April 21. That level comes in at...
GBP/USD looks likely to see a deeper corrective recovery. Nonetheless, the broader view of the Credit Suisse analyst team stays bearish, with key resi
GBP/USD is on Monday benefitting from a wave of US dollar weakness and was last trading in the upper 1.2500s, its highest levels in more than two week
By Peter Nurse Investing.com - The U.S. dollar weakened in early European trade Monday, with risk sentiment boosted by hopes that loosening lockdowns in China can help global growth. At 2:55...
By Gina Lee Investing.com – The dollar was down on Monday morning in Asia as investors cut bets on further gains from rising U.S. interest rates and hoped that loosening lockdowns in China...
The GBP/USD is moving sideways on Friday, consolidating slightly below 1.2500. The pair remained steady even as stocks in Wall Street turned negative.
Bulls were finally rescued, as GBP/USD stalled its four-week downtrend and rebounded firmly from two-year lows of 1.2155 reached a week ago. A tempora
GBPUSD stay below the 1.2500 level The GBPUSD is confined to a 60 pip trading range today. That compares to a 145 pip average over the last 22 trading days. There is some consolidation of...
By Geoffrey Smith Investing.com -- U.K. consumer confidence sank to a new all-time low this month as the country's cost-of-living crisis took an ever-tighter grip on the public mood. Market...
By Peter Nurse Investing.com - The U.S. dollar edged higher in early European trade Friday, but is still heading for its worst week since February as traders reacted to lower U.S. Treasury...
By Gina Lee Investing.com – The dollar was up on Friday morning in Asia, headed for its worst week since early February 2022 as U.S. Treasury yields retreat and fatigue after the greenback's...
GBP/USD takes offers to renew intraday low near 1.2445, paring the biggest weekly gains in five during Friday’s Asian session. The cable pair cheers b
At 1.2498, GBP/USD is higher by some 1.3% on the day and trading close to the highs of 1.2524. The pair has rallied from a low of 1.2334 despite growi
The GBP/USD is rising on Thursday, making a full recovery from Wednesday’s slide even as the stock market stays in red and under pressure. The pair ro
GBPUSD moves to a new week high but stalls at 38.2% retrace The GBPUSD traded to a new session high, and in the process tested the 38.2% retracement of the move down from the April 21...
After dipping more than 1.0% on Wednesday amid broad risk-off macro flows and technical selling after a rejection of the 21-Day Moving Average, GBP/US
By Peter Nurse Investing.com - The U.S. dollar edged lower in early European trade Thursday, handing back some of the previous session’s substantial gains although the safe haven remains in...
By Gina Lee Investing.com – The dollar was down on Thursday morning in Asia. Safe-haven currencies pressed paused after the previous session’s big gains. However, concerns are growing that...
GBP/USD remains pressured around 1.2350, following the heaviest daily fall in a fortnight, as traders seek fresh clues during Thursday’s Asian session
Possible divergences appearing The pound has come under heavy pressure recently, particularly against the dollar which has been performing well against the broader market. While the BoE is...
By Geoffrey Smith Investing.com -- More big U.S. retailers report earnings, fleshing out the messages sent on Tuesday by the retail sales report and Walmart (NYSE:WMT). The European Central...
GBPUSD trades above and below the highs from last week The GBPUSD broke to the upside yesterday with the pair moving back above the 200 hour MA with a vengence. The price was also able to...
The GBP/USD pair trimmed a part of its heavy intraday losses and was last seen trading near the 1.2420 region, still down over 0.50% for the day durin
GBP/USD looks likely to see a corrective recovery, in the opinion of economists at Credit Suisse. Key resistance is seen at 1.2533/43, then 1.2633/39.
By Peter Nurse Investing.com - The U.S. dollar edged higher in early European trade Wednesday, rebounding after overnight losses, while sterling weakened after U.K. inflation soared in...
By Geoffrey Smith Investing.com -- Inflation in the U.K. leaped to 9% in April, its highest level since 1982, as a thumping rise in regulated household energy bills took effect. The consumer...
By Gina Lee Investing.com – The dollar was up on Wednesday morning in Asia. Overnight surges gave the euro and pound a boost in early trading, alongside strong U.K. jobs data and a general...
By Yasin Ebrahim Investing.com -- The pound surged against the dollar Tuesday as a stronger-than-expected labor market is expected to give the Bank of England the green light to continue...
Despite the recovery seen on Tuesday in the GBP/USD pair, the pound is not out of the woods. They consider risk appetite looks vulnerable and warn the
Recent concerning headlines highlighting the rising risk that a spat over the Northern Ireland border into a fully-fledged trade war between the UK an
GBPUSD support now near 1.2400 The GBPUSD moved up to test the 200 hour MA in trading yesterday - closing just above the key level. The price had not closed above that MA since May 3rd,...
By Peter Nurse Investing.com - The U.S. dollar edged lower in early European trade Tuesday, slipping back from a 20-year high as gains in global equity markets helped risk appetite rebound...
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