GBPUSD=X - USD/GBP
| Previous Close | 1.2558 |
| Open | 1.2558 |
| Bid | 1.2581 |
| Day's Range | 1.2534 - 1.2590 |
| 52 Week Range | 1.0379 - 1.2679 |
| Ask | 1.2580 |
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FX EmpireGBP to USD Weekly Forecast – British Pound Rallies for the Week
The British pound initially fell early in the week, but found a bit of support near the 1.2350 level to turn around and show signs of life again.
FX EmpireGBP to USD Forecast – British Pound Continues to Grind Higher
The British pound has rallied a bit during the trading session on Friday, as we have broken above the 1.2550 level again.
Yahoo Finance UKBanks tweak mortgage offers anticipating interest rate rises
HSBC, Halifax and Nationwide are among banks tweaking rates.
Yahoo Finance UKTrending tickers: Tesla | Carvana | Croda | Vodafone
Tesla, Carvana and Vodafone all saw swings in their stock price over the last 24 hours.
- Investing.com
Dollar rebound from sharp losses; Fed meeting in focus
The U.S. dollar edged higher in early European trade Friday, rebounding after the previous session’s sharp losses as traders sought out a safe haven after weak Chinese inflation data. At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.358, having lost more than 0.7% in the previous session, its largest daily decline in weeks.
FX EmpireGBP to USD Forecast – British Pound Continues to Chop Around
The British pound initially tried to rally during the trading session on Thursday, but it looks as if it is stuck in the same region that we have been in for a while.
- Reuters
UPDATE 2-European shares steady as rate jitters weigh, firm pound drags FTSE 100 down
European shares were subdued on Thursday as rate-sensitive technology shares and consumer staples slipped on expectations of further interest rate hikes by major central banks, while a sharp slide in Vodafone shares weighed on the telecoms sector. The pan-European STOXX 600 index was flat, with the rate-sensitive technology sector down 0.3%.
ReutersEuropean shares steady as rate jitters weigh, firm pound drags FTSE 100 down
(Reuters) -European shares were subdued on Thursday as rate-sensitive technology shares and consumer staples slipped on expectations of further interest rate hikes by major central banks, while a sharp slide in Vodafone shares weighed on the telecoms sector. The pan-European STOXX 600 index was flat, with the rate-sensitive technology sector down 0.3%. Britain's FTSE 100 led losses among regional peers, with export-heavy consumer staples such as Unilever and Reckitt Benckiser Group PLC under pressure as the pound rallied near 0.9% on expectations of more interest rate hikes by the Bank of England after a forecast showed UK inflation is set to remain elevated this year.
FX EmpireGBP to USD Forecast – British Pound Rallies on Wednesday
The British pound has rallied significantly during the day on Wednesday as the 50-Day EMA continues to cause support.
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- Investing.com
Safe haven dollar edges higher after weak Chinese trade data
The U.S. dollar edged higher in early European trade Wednesday, as traders sought out this safe haven after disappointing Chinese trade data hit sentiment. China's trade surplus sank to a 13-month low in May, according to data released earlier Wednesday, driven chiefly by a surprise drop in exports as foreign demand for Chinese goods dried up. Money markets are pricing in a roughly 19% chance that the U.S. central bank will raise rates by 25 basis points next week, compared to an over 60% chance a week ago, according to the CME FedWatch tool, after weak U.S. services activity data.
FX EmpireGBP to USD Forecast – British Pound Gives Up Early Gain
The British pound initially tried to rally during the trading session on Tuesday, but the market turned around to show signs of hesitation.
Yahoo Finance UKPound slips against dollar as UK takeover activity declines
The pound lost ground against the dollar on Tuesday, falling more than 0.2% to $1.24.
- Investing.com
Dollar retreats with traders on Fed watch; RBA hike boosts Aussie
The U.S. dollar retreated in early European trade Tuesday, while the Australian dollar soared after the RBA hiked interest rates once more in its fight against elevated inflation. The dollar has seen some volatility over the last few days as traders try to work out what the Federal Reserve will decide in terms of interest rates at next week’s meeting. Friday’s jobs report only muddied the waters, as the blowout payrolls number suggested room for the Fed to hike once more but the unemployment rate rose and the slowdown in the growth of average wages pointed in the other direction.
FX EmpireGBP to USD Forecast – British Pound Has a Rough Start to the Week
The British pound has fallen hard during the trading session on Monday as it looks like the market will continue to see concerns bubble to the surface.
- Investing.com
Dollar climbs on expectations of a still hawkish Fed
The U.S. dollar climbed higher in early European trade Monday after a healthy jobs report prompted traders to price in a continuation of the Federal Reserve’s hawkish stance. The dollar has been boosted by the release of forecast-smashing U.S. jobs figures, prompting U.S. Treasury yields to soar as a robust labor market coupled with stronger-than-expected print on the Fed’s preferred inflation index earlier in May pointed to the U.S. central bank keeping interest rates higher for longer. The Fed meets next week and expectations of another rate increase are rising, particularly given the growing hopes the U.S. economy is headed for a 'soft landing' after Congress's approval last week of a debt ceiling deal that averts U.S. default.
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FX EmpireGBP to USD Weekly Forecast – British Pound Pulls Back From Resistance
The British pound rallied during the course of the trading week but has hit a bit of a brick wall at the 1.2550 level.
FX EmpireGBP to USD Forecast – British Pound Testing Major Resistance
The British pound has gone back and forth during the trading session on Friday, as the jobs report came out much stronger than anticipated.
Yahoo Finance UKTrending tickers: Dechra | Wizz Air | Aviva | Lululemon
The latest investor updates on stocks that are trending on Friday.
- Reuters
Pound heads for biggest weekly gain in six months
Sterling headed for its biggest one-week rally against the dollar in six months on Friday, as U.S. interest rates looked increasingly likely to plateau sooner than UK rates. Britain has avoided recession, but the squeeze of the cost of living crisis on consumers and households is clear, given recent data on business activity, employment and lending.
- Investing.com
Dollar slips after debt ceiling bill progresses; payrolls due later
The U.S. dollar slipped lower in early European trade Friday, adding to the previous session’s sharp losses after the U.S. Congress approved the debt ceiling bill, while traders awaited the widely watched monthly payrolls release. The U.S. Senate late Thursday passed legislation lifting the government's $31.4 trillion debt ceiling, a day after the House of Representatives had done the same. The bill now heads to the White House for President Joe Biden to sign it into law, averting what would have been a first-ever default as the Treasury Department had warned it would be unable to pay all its bills on June 5 if Congress failed to act by then.
InvestopediaIs the Pound Worth More Than the Dollar?
The price of one currency compared to another is not necessarily an indication of wealth, power, or strength.
FX EmpireGBP to USD Forecast – British Pound Continues to Show Strength
The British pound initially pulled back a bit during the trading session on Thursday but has found enough support near the 50-Day EMA to show signs of life. Ultimately, this is a market that still has a lot of noise ahead.
