-
UK Markets Unruffled After Controversial Minister Suella Braverman Sacked
Monday, November 13, 2023 - 9:28am | 570Suella Braverman was sacked as UK home secretary on Monday as Prime Minister Rishi Sunak launched a major reshuffle of his top team. Markets have, in the past, reacted strongly to UK cabinet reshuffles – most notably during the premiership of Liz Truss last year. On Monday, however, traders...
-
Inflation Insights: Unraveling The Impact On GBP And Equity Markets!
Tuesday, July 18, 2023 - 11:36pm | 373Tomorrow morning, Great Britain awaits a key set of economic releases, including inflation data points, producer price index data points, and retail price index figures. Notably, consumer price inflation in the United Kingdom remained steady at 8.7 percent in May 2023, maintaining the previous...
-
GBP/USD Is Breaking A Critical Support Level, May Fall To 1.3571
Tuesday, August 17, 2021 - 4:13pm | 474The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.3737 UK employment figures were upbeat, with the unemployment rate down to 4.7%. The UK will publish July...
-
GBP/USD Is Technically Bearish But Still Has A Chance To The Upside
Monday, August 9, 2021 - 4:57pm | 449The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.3850 Former politician Nigel Farage revived tensions with France and the EU. UK BRC Like-For-Like Retail Sales...
-
GBP/USD Neutral In The Near-Term And At Risk Of Falling Further
Wednesday, July 14, 2021 - 4:09pm | 356GBP/USD Current price: 1.3853 UK inflation surged to 2.5% YoY in June, although producer prices were down. The UK reported over 42,300 new coronavirus cases and 49 new deaths. GBP/USD neutral in the near-term and at risk of falling further. The GBP/USD pair peaked at 1.3891, retreating...
-
GBP/USD Remains Stuck Around 1.3800 With Limited Bullish Scope
Wednesday, July 7, 2021 - 4:38pm | 393GBP/USD Current price: 1.3799 The number of new coronavirus cases in the UK continues to rise. UK data failed to impress, as housing data missed the market’s expectations. GBP/USD remains stuck around 1.3800 with limited bullish scope. The GBP/USD pair seesawed between gains and losses but...
-
GBP/USD Recovered But Lost Momentum As It Approaches The 1.4200 Threshold
Thursday, June 10, 2021 - 4:16pm | 499The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.4171 Brexit and coronavirus-related concerns weighed on the pound. The UK is expected to report a 2.4% monthly...
-
GBP/USD Is At Risk Of Extending Its Decline As It's Pressuring The 1.4110 Support
Wednesday, June 9, 2021 - 4:36pm | 484The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.4112 BOE’s Andy Haldane warned about rising inflationary pressures, called on cutting back stimulus. UK...
-
GBP/USD Forecast: Pound Remains Supported By Lockdown Easing Announcements
Monday, June 7, 2021 - 4:19pm | 513The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.4180 UK’s Prime Minister spokesman reaffirmed the kingdom is on its way to ease lockdown. The UK will...
-
GBP/USD Is Technically Bearish And Poised To Test The Critical 1.4000 Threshold
Thursday, June 3, 2021 - 4:12pm | 492The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.4097 The UK Services PMI expanded by more than anticipated in May, hitting 62.9. High-yielding currencies fell...
-
GBP/USD Continues To Trade Within Familiar Levels And Near The Year's High
Wednesday, June 2, 2021 - 4:25pm | 448The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. UK PM Boris Johnson reiterated they are on track to fully reopen on June 21. UK money-related figures were mixed in April, Mortgage...
-
GBP/USD Is Pressuring Its Daily Low And Poised To Extend Its Decline
Wednesday, June 2, 2021 - 10:25am | 454The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.4158 The UK May Markit Manufacturing PMI was downwardly revised to 65.6 from 66.1. The UK reported zero new...
-
GBP/USD Has Room To Extend Its Advance, Mainly On A Break Above 1.4235
Tuesday, June 1, 2021 - 10:49am | 459The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.4204 The UK Markit Manufacturing PMI is expected to be confirmed at 66.1 in May. UK’s full reopening still...
-
GBP/USD Holds Above 1.4100 And Is At Risk Of Falling Further In The Near-Term
Wednesday, May 26, 2021 - 4:12pm | 424The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.4124 China has become the UK’s biggest single import market on record. The British Pound gave up to...
-
GBP/USD Is Neutral-To-Bearish, Could Fall On A Break Below 1.4100
Wednesday, May 26, 2021 - 10:21am | 476The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.4148 UK CBI Realized Sales unexpectedly contracted to 18 in May from 20 previously. Easing lockdown measures in...