Following mixed action in financial markets on Thursday, investors are clinging to a cautious stance on Friday. The US economic docket will feature Personal Consumption Expenditures (PCE) Price Index data for June,
The pound could hit a peak of $1.40 by March next year, bolstered by a more promising economic outlook and the prospects of political stability, according to the CEO of a leading
The UK election’s influence on the pound is likely to be limited amid widespread expectation of a Labour victory, according to the CEO of a leading independent financial advisory and fintech. The
Investors are revising strategies to capitalise on the potential strengthening of the pound (GBP) in the wake of a Labour victory in the UK election on July 4 and increasing political uncertainty
Following the previous week’s choppy action, markets remain subdued on the first trading day of June. S&P Global will release revisions to May Manufacturing PMI data for Germany, the Eurozone, the UK and
Following Thursday’s choppy action, major currency pairs are holding steady early Friday as investors gear up for key data releases. Eurostat will publish the Harmonised Index of Consumer Prices (HICP) and the
The GBPUSD pair weakened to 1.2695 in early Asian trading on Thursday. The downtick of the pair is supported by the stronger US Dollar amid higher US yields and lower bets of
The Dollar Index (DXY) seems to have entered a consolidation phase early Thursday after climbing to a weekly high near 105.00 on Tuesday. S&P Global will release preliminary May Manufacturing and Services
The GBPUSD pair remains confined around 1.2710 during Asian trading on Wednesday. Financial markets await fresh impetus, with the release of the UK Consumer Price Index (CPI) and FOMC Minutes due on Wednesday. Federal
The Pound Sterling began the week solidly against the US Dollar, registering modest gains of 0.04% after hitting a daily low of 1.2681, with the GBPUSD trading later in the day at
