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GBP/USD has recorded slight gains in the Thursday session. In North American trade, GBP/USD is trading at the 1.30 line, for the first time since September 2016. On the release front, UK Retail Sales jumped 2.3%, well above the forecast of 1.2%. Over in the US, jobless claims and manufacturing numbers were strong, as unemployment claims dropped to 232 thousand, lower than the forecast of 240 thousand. As well, the Philly Fed Manufacturing Index soared to 38.8, crushing the forecast of 19.9 point…
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Pound Steady as Inflation Jumps to 3-Year High
GBP/USD is showing limited movement in the Tuesday session. In North American trade, GBP/USD is trading just above the 1.29 level. On the release front, CPI jumped to 2.7%, edging above the estimate of 2.6%. In the US, construction numbers disappointed, as both Building Permits and Housing Starts were weaker than expected. On Wednesday, the UK will release wage growth and unemployment rolls.
CPI, the primary gauge of consumer inflation, continued to move upwards, posting a sharp gain of 2.7% in …
CPI, the primary gauge of consumer inflation, continued to move upwards, posting a sharp gain of 2.7% in …
Sterling Slips on Gloomy BoE Minutes
GBP/USD has lost ground in the Thursday session. In North American trade, GBP/USD is trading at 1.2881. On the release front, it's been a very busy day. The Bank of England maintained the benchmark rate at 0.25%, but the minutes of the May policy meeting were pessimistic. There was more bad news as Manufacturing Production declined 0.6%, worse than the forecast of -0.2%. US numbers were strong, as PPI improved to 0.5%, and unemployment claims ticked lower to 236 thousand. Both indicators beat th…
Pound Steady as Markets Relieved Over Macron Win
GBP/USD has edged lower in the Monday session. In North American trade, GBP/USD is trading at 1.2940. It's a very quiet start to the week, with no major releases out of the UK or the US. On Sunday, Emmanuel Macron easily defeated Marie Le Pen to win the French presidential election.
It was a clean sweep for PMI reports last week, as the Manufacturing, Construction and Services PMIs all beat their estimates. These releases underscore a solid British economy, despite continuing jitters over Britai…
It was a clean sweep for PMI reports last week, as the Manufacturing, Construction and Services PMIs all beat their estimates. These releases underscore a solid British economy, despite continuing jitters over Britai…
GBP / USD Trades Off Highs antes do FOMC
O GBP / USD permanece fora de suas elevações anuais em 1.2965, porque os comerciantes esperam esta tarde a decisão da taxa de FOMC. As expectativas para o evento de hoje são ajustadas para ver as …