Downside risks dominate in Sterling – Commerzbank
Everything is pointing towards tough times in the UK. Therefore, economists at Commerzbank expect Sterling to remain under pressure. Not much upside for Sterling “Little has changed about Sterling’s fundamental environment. The economic situation remains dire, inflation risks high and the BoE intent on navigating these troubled waters.” “We consider the likelihood of the BoE […]
Dollar flat as Aussie surges; Sterling edges lower on PPI; Ifo eyed By Investing.com
© Reuters. By Geoffrey Smith Investing.com — The dollar was little changed in early trading in Europe on Wednesday, with the market apparently settling in to wait for the release of U.S. fourth quarter figures on Thursday. By 03:05 ET (08:05 GMT), the that tracks the greenback against a basket of six developed market currencies […]
Dollar stays under pressure as sterling, yen rate expectations build By Investing.com
By Geoffrey Smith Investing.com — The dollar tested a new nine-month low in early trade in Europe on Tuesday as economic data from Japan and the U.K. strengthened the case for more interest rate hikes there. By 02:55 ET (07:55 GMT), the , which tracks the greenback against a basket of advanced economy currencies, was […]
Pound Sterling Price News and Forecast: GBP/USD climbs towards 1.2390
GBP/USD seesaws during the North American session, around the 1.2360-1.2390 region, around the London Fix, unable to gain a clear direction. Risk appetite increased, which usually favors the Pound Sterling (GBP), but soft UK economic data weighed on the GBP/USD. At the time of writing, the GBP/USD exchanges hands at 1.2391. Read More… GBP/USD is on the back […]
Dollar remains unloved; sterling drops on weak retail sales By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Friday, remaining around seven-month lows amid concerns of a U.S. economic slowdown, while sterling retreated after weak retail sales data. At 03:15 ET (08:15 GMT), the , which tracks the greenback against a basket of six other currencies, edged […]
FTSE Pauses Ahead of All-Time High as Solid Jobs Data Buoys Sterling
FTSE 100 News and Analysis Recommended by Richard Snow How to Trade FX with Your Stock Trading Strategy FTSE 100 Has All-Time High in Sight The FTSE has begun 2023 much the same way it ended 2022, with a strong bullish advance. The all-time high around 7909.50 was less than 40 pips away in early […]
Sterling helped by the constructive risk environment at the start of 2023 – ING
Sterling has been performing slightly better. Without any doubt, the better risk environment is helping the GBP, economists at ING report. Better risk environment provides some insulation “The UK has quite a large country weight in global equity and debt benchmarks, meaning that flows into these products can provide some support.” “Market pricing of a […]