GBP/USD declined due to market sentiment reacting to US tariff threats. Understand the impact of economic data and technical levels on the pair.

GBP/USD declined due to market sentiment reacting to US tariff threats. Understand the impact of economic data and technical levels on the pair.

The British pound fell slightly but remains close to four-month highs, bolstered by the UK’s measured approach to U.S. trade ructions.

The British pound fell slightly but remains close to four-month highs, bolstered by the UK’s measured approach to U.S. trade ructions.

BoE Chief Economist Huw Pill discusses the policy outlook, emphasizing inflation's role in future easing. Stay informed on GBP/USD and BoE policy.

Pound Sterling's resilience is examined by Scotiabank, noting its relative strength amid USD firmness and key political developments affecting the currency.

Policy divergence and geopolitics continue to drive sentiment in the forex market. The US dollar index (DXY) held steady in low 106.00s, while EUR/USD retreated and GBP/USD revisited the sub-1.2300 area. USD/JPY advanced to a new 34-year high around 154.8

Analysts at Rabobank predict EUR/GBP could break below 0.85 this year due to slower BoE rate cuts and a potentially uneventful UK election. They see GBP/USD dipping but EUR/GBP less impacted, expecting it to reach 0.84 in H2 2024.

Expectations for the Bank of England to start reducing interest rates from the June meeting have recently deepened on increasing signs that price pressures are easing. This week, the US Inflation data will significantly impact Fed rate cut expectations.

The Pound Sterling (GBP) regained its lost footing against US Dollar (USD), with GBP/USD clinching the highest level in seven months near the 1.2900 mark.

The Pound Sterling (GBP) regained its lost footing against US Dollar (USD), with GBP/USD clinching the highest level in seven months near the 1.2900 mark.

The Pound Sterling has depreciated against the US Dollar following mixed economic data from the UK and US. US inflation remains elevated

The Pound Sterling has depreciated against the US Dollar following mixed economic data from the UK and US. US inflation remains elevated

The GBP/USD pair remains on the defensive above the 1.2800 support during the early Asian trading hours on Tuesday. The lower bets on rate cut expectations from the Bank of England (BoE) weigh on the Pound Sterling (GBP). Investors await the UK labour mar

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GBP/USD has gained ground on Tuesday after the US ISM Services Purchasing Managers Index (PMI) and Factory Orders both missed expectations.

GBP/USD has gained ground on Tuesday after the US ISM Services Purchasing Managers Index (PMI) and Factory Orders both missed expectations.

GBP/USD ANALYSIS US dollar rebound looks tepid. UK inflation data is now key for 2024 rate expectations.

UK Finance minister Jeremy Hunt has gone some way towards restoring Britain's market credibility with a predictable budget

UK Finance minister Jeremy Hunt has gone some way towards restoring Britain's market credibility with a predictable budget

Our inclination Short positions beneath 1.2170 with focuses at 1.2140 and 1.2120 in expansion.

GBP/USD stays on the back foot after PM Boris Johnson sliced the quantity of days parliament will have in front of the Brexit due date of October 31st.

The euro recouped from before lows after Italy's PM Giuseppe Conte said he is leaving in front of no-certainty vote

The quantity of MPs competing for Moderate pioneers – and in this manner UK PM – has just contracted extensively in front of the previous evening's discussion