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GBP/AUD: Scrutiny of RBA, BOE interest rate outlooks generate potential pivot point
The GBP/AUD uptrend faces a string of big tests over the next 24 hours, potentially influencing the outlook for interest rates from the BoE and RBA.
GBP/USD: BoE ‘hawkish hike’ likely required to prevent further downside
Only a ‘hawkish hike’ from the Bank of England (BoE) is likely to be enough to turn around the fortunes of GBP/USD given rapidly weakening fundamentals.
GBP/USD, GBP/AUD: British pound breaking down on multiple fronts
GBP/USD has looked healthier on the charts, closing below a key support zone on Thursday. Downside risks for GBP/AUD are also growing.
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British Pound Analysis: GBP/USD Under Pressure Ahead of Quarter-End, 1.25 in Focus
Many analysts are attributing this week’s downdraft in GBP/USD to month- and quarter-end rebalancing ahead of the weekend, so there’s certainly potential for a bounce as we head into next week.
GBP/USD analysis: British Pound climb sends cable to 10 month high - what's next?
The British Pound broke out to trade above 1.2500 against the US Dollar for the first time since June of last year, a far cry from the 1.0343 low that was set in September.
GBP/USD analysis: Pound breaks out to a 10-month high near 1.25
GBP/USD has broken out above strong previous resistance in the 1.2450 area to hit a fresh 10-month high!
Powell puts a 50bps March hike firmly on the radar, GBP/USD tests 2023 lows
According to the CME’s FedWatch tool, investors are now pricing in a 60/40 shot of a 50bps rate hike in two weeks’ time and that rates could peak above 5.5%.
Fiat Money: What is a Fiat Currency?
A fiat currency is a monetary instrument backed by a national government like the British pound or Canadian dollar. Learn how fiat currencies operate and how they compare to other types of money.
GBP/USD rallies to the mid-1.21s, despite big bets on a 6% Fed rate
One trader amassed a large position in options that would make $135 million if the central bank keeps tightening until September!
What is the oldest currency in the world?
The British pound has been used as England’s central currency for over a thousand years. Read about its evolution from a coin literally weighing one pound to the banknotes common today. We also rank the next three oldest major currencies: the yen, ruble and dollar.
European Open: GBP drifts higher, ISM manufacturing and JOLTS in focus
Whilst GBP as under pressure from talk of tax hikes, GBP/USD remains above a key support level ahead of today’s ISM and JOLTS job opening reports.
UK CPI preview: A return to double-digit inflation on tap
This week’s UK CPI reading will still be one of the biggest factors driving the Bank of England’s early November decision on interest rates...
UK CPI preview: A return to double-digit inflation on tap
This week’s UK CPI reading will still be one of the biggest factors driving the Bank of England’s early November decision on interest rates...
UK PM Truss ousts Kwarteng. But did PM Truss do enough to save herself?
Markets will be searching for answers next week as to “What’s next?” for Truss. Has she done enough to save her political life?
UK PM Truss ousts Kwarteng. But did PM Truss do enough to save herself?
Markets will be searching for answers next week as to “What’s next?” for Truss. Has she done enough to save her political life?
European Open: GBP spikes on reports the BOE may extend bond purchases
The BOE have now done two U-turns within 24hrs, by first cancelling their bond buying programme but then signalling behind closed door they may extend it.
The pound is sent into the ground during thin Asian trade
The combination of the UK’s mini-budget and general flight to the US dollar has sent the pound broadly lower and GBP/USD to a new record low.
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GBP/USD freefall: Where will it stop?
The 1985 low in the 1.0500 area could beckon in due time, but given the deeply oversold reading on the 14-day RSI, we would expect a short-covering bounce before then...
GBP/USD: Why pound parity (1.00) is a potentially plausible prospect
The eerie similarities to the mid-1980s hint that GBP/USD could fall toward parity (1.00) in the coming quarters...
2022 Conservative Party leadership election: What’s at stake for the GBP?
Truss is arguing for looser fiscal policy and tighter monetary policy, a policy stance that has historically supported strength in the underlying currency
2022 Conservative Party leadership election: Who will be the UK’s next PM?
Liz Truss appears to be the clear favorite over Rishi Sunak in early polling...
GBP/USD holds over $1.1950 as Johnson resigns
Sterling rises to a session high after PM Boris Johnson says he will resign. The outlook for GBPUSD remains grim.
Is the pound set to suffer amidst Johnson’s latest political woes?
Another day of political turmoil awaits Johnson’s government after two top cabinet members Sunak and Javid resigned yesterday. But does the British pound care?