Tag: GBP/USD

Dollar Rally Cut Short as Grexit Fears Intensify

The US dollar was back on the defensive on Wednesday, as Greece lashed out against creditors for rejecting its latest reforms, signalling that a...

Markets Await Greek Breakthrough at EU Ministerial Meetings

European stocks soared on Monday, while the euro was relatively unchanged, as investors turned their attention to the European Union ministerial meetings concerning Greece’s...

Post-FOMC Selloff Continues for US Dollar

  The US dollar declined for a second consecutive day on Thursday as mixed economic data failed to support a bigger rally following the Federal...

Hawkish BOE Extends Rally for GBP/USD

The GBP/USD pushed through 1.5700 on Wednesday, extending its rally to four days after a hawkish Bank of England expressed greater confidence in the...

GBP/USD Gains 1.56

The GBP/USD climbed for a fourth consecutive day on Tuesday, retracing brief intraday losses stemming from mixed inflation data. The GBP/USD was trading near daily...

GBP/USD Sees Upside Following Mixed Factory Data

The GBP/USD rallied for a third consecutive day on Wednesday amid broad weakness for the US dollar and mixed UK factory data. The GBP/USD...

GBP/USD Rally Stops Short at 1.53

The GBP/USD was reversing early-week gains on Tuesday, falling below the 1.5300 handle despite stronger than expected British trade figures. The GBP/USD tumbled to an...

US Dollar Index Treks Higher Following NFP Report

The US dollar advanced briskly on Friday, as non-farm payrolls rose more than forecast in May, easing concerns about a broader economic slowdown in...

GBP/USD Strengthens as BOE Maintains Rate

The GBP/USD was mildly supported on Thursday as the Bank of England made no changes to monetary policy, as investors continued to monitor negotiations...

GBP/USD Edges Lower as Dollar Rally Continues

The GBP/USD edged lower on Thursday, falling for a fourth consecutive day as the US dollar continued to rally ahead of Friday’s GDP revision. The...

US Dollar Index Surges as Business Investment Plans Appreciate

  The US dollar surged on Tuesday, picking up where it left off last week as investors responded to mixed economic data. The trade-weighted US dollar...

US Dollar Backtracks as FOMC, Data Weigh

The US dollar was back on its heels Thursday, as the Federal Reserve indicated that interest rates are unlikely to rise in June, while...

GBP/USD Rebounds amid Unanimous BOE Rate Vote

GBP/USD rallied on Wednesday following sharp losses earlier in the week, as the Bank of England stood firmly against raising interest rates at this...

GBP/USD Plunges as Inflation Turns Negative

The GBP/USD plunged around 200 pips on Tuesday, as UK inflation entered negative territory for the first time on record, supporting expectations for a...

GBP/USD Rallies on UK Exit Polls

The GBP/USD surged on Friday, climbing above 1.55 for the first time since February after exit polls showed a narrow majority for the Conservative...

USD Weekly Outlook (May 4-8)

The US dollar continued to backslide last week, falling nearly 2% against a basket of currencies as weak economic data kept demand for the...

GBP/USD Pares Gains following Mixed UK Data

The GBP/USD declined on Friday, but was still trading near two-month highs following disappointing manufacturing data. The GBP/USD fell sharply from the 1.5400 region, which...

EUR/USD Pares Gains amid US Data

The EUR/USD surged past the 1.12 handle on Thursday before quickly consolidating in the mid-1.11 region, as the markets digested a series of Eurozone...