GBP/USD remained under pressure, trading near 1.3150 in Tuesday’s early trading hours as the pair struggled to extend last week’s modest rebound. The pound is believed to be defensive following three straight muted sessions, with the pricing movement showing a continued lack of confidence in the fiscal outlook of the UK and dwindling domestic economic […]
The EUR/USD recovered modestly to trade around 1.1575 in Friday’s Asian session, up less than 0.10% on the day. The pair is believed to have stabilised, with some dip-buying interest emerging after two days of losses that had taken the pair near the monthly lowest at around the 1.1550-1.1540 support. The move was not however […]
The GBP/USD pair extended its rebound and traded near 1.3365 in Tuesday’s early European trading as the US dollar softened ahead of the upcoming Federal Reserve’s policy announcement. The greenback is believed to have lost strength as markets priced in the likelihood of a rate cut following last week’s weaker-than-expected US Consumer Price Index (CPI) […]
The EUR/USD pair extended its decline and traded near 1.1620 in Wednesday’s Asian session, as political uncertainty in France weighed on the Euro. The common belief is that the joint currency was placed under greater strain after the French Prime Minister Sebastien Lecornu resigned on Monday, casting doubt on financial turmoil and possible delays to […]
The EUR/USD pair extended its retracement and traded around 1.1720 in Monday’s early Asian trading, after posting modest gains in the previous session. It is believed that the pair’s pullback comes as market participants weigh the shifting outlook for US monetary policy amid growing expectations that the Federal Reserve (Fed) will pivot toward rate cuts […]
The GBP/USD pair edged higher and traded around 1.3435 in Friday’s Asian trading. The slight improvement in the pair is believed to have come as the US dollar is sold off again under the increased worries about the US labour market and the extended government shutdown. Market commentators point out that due to the delay in […]
The EUR/USD pair advanced modestly and traded near 1.1735 in Thursday’s Asian trading hours, as renewed pressure on the US. The US dollar is thought to have been a drag on sentiment. The partial US government shut down that started Wednesday after a congressional funding stalemate has increased investor insecurity. Market commentators point out that the disruption […]
The GBP dropped a bit against the USD, with the GBP/USD pair trading around 1.3450 in the Asian session on Thursday. Marketers noted that this decline happened as the Dollar started experiencing a modest recovery. Investors are now awaiting new economic data results, specifically, the preliminary Purchasing Managers Index (PMI) reports of August in the […]
The British Pound (GBP) continued to decline against the US Dollar (USD) for the third day in a row, marking its fourth fall in the last five days. In the Asian market on Wednesday, the GBP/USD pair reached its lowest level in over a week, around 1.3500. Commentators point out that this aligns with ongoing […]
EUR/GBP Hovers Ahead of BoE Rate Decision EUR/GBP traded near 0.8710, as investors await the Bank of England (BoE) interest rate decision on Thursday. Traders remain optimistic that the BoE will lower interest rates during its August meeting on Thursday, given a series of weaker UK economic indicators and signs of a pause due to […]
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