GBP/USD stays firm around 1.2270s ahead of US Consumer confidence By christianborjon GBPUSD Majors Macroeconomics CentralBanks Technical Analysis
ing daily highs at 1.2313, followed by a dip towards daily lows near 1.2238. At 1.2277, the GBP/USD is up 0.05% in the North American session.
Given the backdrop that UK’s inflation rose to a 40-year high at 9.1%, analysts expect that the central bank will hike rates by 25 bps in August. TheMonetary Policy Committee is due to consider the plan of selling bonds in the same meeting, after which it could decide to start the asset sales. to mixed. That said, the US 10-year Treasury yield is moving higher by six basis points, yielding 3.200%-Index, a measure of the buck’s value vs. its peers, give in some territory on Monday, down 0.18%, back under the 104.000 mark.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD oscillates around 1.2300 ahead of US Durable Goods OrdersThe GBP/USD pair is juggling in a narrow range of 1.2259-1.2297 in the early European session as investors are awaiting the release of the US Durable
Read more »
EUR/USD Forex Signal: Outlining the Path of Least ResistanceThe EUR/USD pair held steady on Monday morning as investors focused on the upcoming US housing and consumer confidence data.
Read more »
British Pound Latest – GBP/USD Pushes Higher on USD WeaknessA slow start in European trade today with investors still deciding if last week’s risk-on rally was justified by changing fundamentals or just a bear market rally after months of heavy losses. Get your market update from nickcawley1 here:
Read more »
GBP/USD surrenders modest intraday gains to one-week high, flat-lined below 1.2300 markGBP/USD surrenders modest intraday gains to one-week high, flat-lined below 1.2300 mark By HareshMenghani GBPUSD RiskAppetite Fed BOE Currencies
Read more »
Gold Price Forecast: XAU/USD bulls aim for $1,850 on Russia news, softer USDGold Price Analysis: XAU/USD bulls aim for $1,850 on Russia news, softer USD By anilpanchal7 Gold RiskAppetite RussianFederation Commodities Fed
Read more »
GBP/JPY sticks to intraday gains around 166.25-30 area, lacks bullish convictionGBP/JPY sticks to intraday gains around 166.25-30 area, lacks bullish conviction By HareshMenghani GBPJPY Inflation RiskAppetite Recession Currencies
Read more »