UK GDP SlumpsGBP is under pressure today on the back of the latest UK economic data this morning. GDP was seen sharply lower last month at -0.3%, down from 0.2% prior and below the -0.1% the market...
Pound Plunges As UK Jobless Rate Jumps
UK Jobs Data WeakensGBPUSD has come under pressure today following a set of weaker-than-forecast UK labour market readings this morning. The unemployment rate was seen rising to 4.6% in the three...
GBPUSD: Inflation Rally Fading, Bearish Signals
UK Inflation JumpsGBPUSD traded up to fresh highs for the year today on the back of the latest UK economic data this morning. Annualised headline CPI was seen jumping to 3.5% from 2.6% prior, above...
GBPUSD On Watch Into BOE Meeting
Cable On Key SupportGBPUSD is sitting on a key support level ahead of the upcoming BOE rate decision due at the top of the hour. The market is widely expecting the BOE to cut rates while signalling...
GBPUSD Breaks Out to New Highs
UK/US Trade Deal HopesThe British Pound continues to strengthen on Tuesday with GBPUSD today breaking out to fresh highs for the year. Bullish sentiment is being bolstered this week by news that the...
Pound Pushing Higher Against USD - What to Watch This Week
UK GDP Boost ContinuesThe recovery in GBPUSD is continuing to push higher on Monday with the pair now fast approaching a test of the 2025 highs printed earlier in the month. Along with the sharp move...
GBPUSD Pulls Back on UK CPI Drop
UK Inflation DropsThe British Pound has come under fresh selling pressure today following a weaker-than-forecast set of inflation figures this morning. Headline UK CPI was seen cooling to 2.8%,...
GBPUSD: Bearish Risks Into BOE Today
BOE Up NextGBPUSD is softening ahead of the upcoming BOE meeting due at midday London time. The bank is widely expected to keep rates on hold with uncertainty around how the bank is likely to signal...
GBPUSD: Fed & BOE Meetings In Focus
GBPUSD Testing Key ResistanceGBPUSD continues to push into higher territory this week with the pair now pushing up against 1.3017-level resistance. With the FOMC tomorrow and the BOE meeting on...
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