Pound Sterling Steady Ahead of US Core PCE Inflation Data
Pound Sterling Steady Ahead of US Core PCE Inflation Data The Pound Sterling (GBP) remains subdued against the US Dollar (USD) during Friday’s London session. The GBP/USD pair has edged down this week as investors exercise caution ahead of the US core Personal Consumption Expenditures (PCE) Price Index data for May, set to be released […]
Pound Sterling Weakens Amid Rising Expectations of June BoE Rate Cut
Pound Sterling Weakens Amid Rising Expectations of June BoE Rate Cut The Pound Sterling (GBP) displayed marginal declines but remained largely steady, hovering above the 1.2600 mark during Monday’s European trading session. The GBP/USD pair exhibited limited movement as market participants brace for the upcoming United States Consumer Price Index (CPI) data for March, set […]
Pound Drops Amid Cautious Market Sentiment, Awaiting BoE Bailey’s Speech
Pound Drops Amid Cautious Market Sentiment, Awaiting BoE Bailey’s Speech The Pound Sterling (GBP) is currently experiencing a significant downturn as it grapples with the ongoing uncertainty surrounding the Bank of England’s (BoE) monetary policy approach. This uncertainty is primarily rooted in the increasing risks of the United Kingdom entering a technical recession, a scenario […]
Pound Sterling Rises Amid Persistent UK Inflation
Pound Sterling Rises Amid Persistent UK Inflation The Pound Sterling (GBP) has strengthened following a report from the UK Office for National Statistics (ONS) that September’s inflation exceeded expectations. This higher inflation could prompt the Bank of England (BoE) to consider further policy-tightening during its November monetary policy review. Rishi Sunak, the UK Prime Minister, […]
GBP/USD: Pound Counts on the Best.
GBP/USD: Pound Counts on the Best. As in the US, retail sales in the UK also went down. They fell -1.0% in December, which is significantly lower than the forecast +0.5%. Analysts note that real spending in the country was significantly ahead of GDP in 2020-2022, but the rise in inflation led to a sharp […]
Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, USD JPY: Prelim Industrial Production m/m, it measures Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. JPY: Retail Sales y/y, it measures Change in the total value of sales at the retail level. AUD: MI Inflation Gauge m/m, it […]
Upcoming Market Updates : NZD, GBP, EURO, CAD, USD
Upcoming Market Updates : NZD,GBP,EURO, CAD, USD Time 01:30 AM GMT+3 NZD: Business NZ Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. Time 01:45 AM GMT+3 NZD: CPI q/q, it measures change in the price of goods and services purchased by consumers. Time 02:01 AM GMT+3 GBP: Rightmove HPI m/m, […]
Upcoming Market Updates : GBP,AUD,JPY,EUR, CHF,CAD,USD
Upcoming Market Updates : GBP,AUD,JPY,EUR, CHF,CAD,USD Time 02:01 AM GMT+3 GBP: RICS House Price Balance, it measures level of a diffusion index based on surveyed property surveyors. Time 04:00 AM GMT+3 AUD: MI Inflation Expectations, it measures percentage that consumers expect the price of goods and services to change during the next 12 months. Time […]
Upcoming Market Updates : NZD, EUR, GBP, USD, CAD
Upcoming Market Updates : NZD, EUR, GBP, USD, CAD Time 01:45 AM GMT+3 NZD: FPI m/m, it measures change in the price of food and food services purchased by households. Time 05:00 AM GMT+3 NZD: Official Cash Rate, it measures interest rate at which banks lend balances held at the RBNZ to other banks […]