Dollar climbs as Fed rate cut bets recede- again

Once again, markets are abuzz over prospects of the Federal Reserve potentially holding off on interest rate cuts for longer than initially anticipated. The U.S. dollar has continued powering higher on Tuesday, hovering near a … Read more

GBP/USD: BoE under pressure as inflation cools

The Bank of England is expected to maintain its benchmark interest rate at 5.25% on Thursday, extending the pause to a fifth consecutive meeting. However, the central bank faces mounting pressure to signal potential rate … Read more

GBP/USD: Sterling slides after dovish bailey comments

The pound (GP/USD) is under pressure this morning, declining to $1.2616 against the dollar after dovish commentary from Bank of England Governor Andrew Bailey yesterday. Sterling initially jumped to $1.2668 following Bailey’s remarks but soon … Read more

GBP/USD: Sterling edges lower amid thin trading

The pound pared back some gains against the US dollar on Monday, with cable pulling back toward $1.2612 in mid-morning deals. The modest reversal comes despite broad dollar weakness, as holiday-thinned volumes and position adjusting … Read more

GBP/USD: Pound falls as rate cut bets rise

UK consumer price inflation unexpectedly tumbled to 3.9% in November from 4.2% the previous month, sharply undershooting forecasts of a 4.4% rise. The surprise drop was driven by falling prices for food, beverages, transport, recreation, … Read more

ECI data sends GBP/USD back below 1.22

The pound sterling weakened against the US dollar, falling below $1.22 to hit new session lows near $1.2121 on Tuesday. This drop came in response to fresh data from the United States, which revealed an … Read more