GBP/USD climbed near 1.3164, following the bearish sentiment around the greenback, stemming from fears of a US recession amid the escalating US-China trade war. On Thursday, China imposed 125% tariffs on US goods in response to Trump’s increased duties on Chinese imports to an unprecedented 145%, affecting the market mood. Last week’s US Consumer Price […]
The Reserve Bank of New Zealand (RBNZ) has reduced its official cash rate by 25 basis points to 3.5%, aligning with market anticipation, marking its fifth rate reduction since it began an easing cycle in mid-2024. In the statement issued following the RBNZ policy meeting, the bank noted that “Economic activity in New Zealand has […]
EUR/GBP is trading near 0.8573 amid market anticipation that Donald Trump’s tariff-related fears of a global economic slowdown could pressure the United Kingdom (UK) economy and lead to a downturn for the sterling. Growing concerns over economic risks in the UK may prompt the Bank of England (BoE) to adopt a more aggressive monetary policy […]
GBP/JPY weakened to 193.22, following stronger Japanese inflation figures. The Bank of Japan’s Tankan survey, released this Tuesday, revealed a dip in business confidence among large manufacturers in the first quarter of 2025. The headline Sentiment Index came in at 12.0, down from 14.0 in the previous quarter, aligning with market expectations. The Manufacturing Outlook […]
GBP/USD edged higher near 1.2938 as the latest inflation figures and rising uncertainty about a potential trade war escalation following Trump’s imposition of tariffs on cars supported the US dollar. The monthly headline PCE was reported at 0.3%, remaining steady from the prior 0.3%. Annually, this measure held at 2.5%. Meanwhile, the monthly core PCE […]
Whether you’re dreaming of a European getaway, investing in Eurozone markets, paying overseas tuition, or running a global business, securing the best exchange rate for your Euros (EUR) can make a substantial difference to your financial outcomes. Far too many people underestimate the impact of currency exchange rates on their total costs, yet even minor […]
GBP/JPY softened near 194.94 as sterling found support following the United Kingdom’s Q4 Gross Domestic Product (GDP) and Retail Sales data. In Q4, UK GDP increased by 0.1% from the previous quarter, meeting expectations. Annually, GDP grew by 1.5%, exceeding the anticipated 1.4% rise. Additionally, UK Retail Sales jumped by 1.0% month-over-month in February, surprising […]
GBP/USD recovered near 1.2992, as growing trade concerns and fears around a potential economic slowdown undermined the greenback. Recent weak economic data, along with market anticipation that Trump’s tariff could boost inflationary pressures within the country could provoke anxious market sentiment, adding selling pressure to the dollar. Monday’s Retail Sales increased by 0.2% month-on-month in […]
While Trump’s tariffs manipulate market sentiment and currency exchange rates, this week will be an ultimate roller-coaster ride with the Fed’s interest rate decision! Think of the global financial markets as a ship navigating stormy waters—every wave of economic data and policy decision threatens to change its course. On 18-19 March 2025, all eyes are […]
GBP/JPY declined to near 189.61, as hawkish Bank of Japan (BoJ) expectations and Japan’s fourth-quarter (Q4) Gross Domestic Product (GDP) release undermined the yen. The Japanese economy experienced a growth of 0.6% quarter-on-quarter in Q4 2024, missing the preliminary estimate of 0.7%, as revealed by the final reading published by Japan’s Cabinet Office on Tuesday. […]
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