Pound

The GBP/JPY pair finds itself at a critical juncture as the British Pound has experienced a slight pullback against the Japanese Yen in recent weeks. Although there have been attempts to push higher, the price action is signaling a potential topping pattern, noticeable between June 27th and July...

Tomorrow 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...

Despite recent fluctuations in sterling’s rally, currency speculators have increased their bullish bets on the pound to a nine-year high, Financial Times reports. Speculators Bullish on Sterling Speculative investors, including hedge funds, have shown increased optimism towards sterling,...

The Bank of England raised interest rates by 25 basis points to 4.25% Thursday, as widely anticipated by the market, in a 7-2 vote.  Further tightening of monetary policy will be required "if there were signs of more persistent price pressures," the central bank said in a statement....

By RoboForex Analytical Department The Pound Sterling keeps trying to reach stability against the USD. On Monday, 3 October, GBP/USD is balancing around 1.1211. After the Bank of England revised its stance on supporting the country’s economy and decided to buy government bonds instead of...

The rout in the financial market resulting from the U.K. government’s spending plan “suggests incompetence,” billionaire investor and founder of Bridgewater Associates, Ray Dalio, said in a series of tweets. “The panic selling you are now seeing that is leading to the...

In just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new tax cuts elevated concerns for the country's economy.  Bloomberg estimates that the...

After the British pound tumbled to its record low on Monday following the U.K. government’s huge tax cut announcements, speculators in the options market are taking positions that indicate the currency will fall to $1 or below, reported Bloomberg. Three-month risk-reversal contracts...

The sterling pound fell to a record low against the dollar on Monday, dropping to as low as $1.0327 during morning trade before recouping the $1.05 level. What Happened: Investors and traders were spooked as Britain’s new Chancellor of the Exchequer Kwasi Kwarteng announced the...

GBP/USD had an inconclusive end to last week. Daily price action looked indecisive as the pair came under strong selling pressure in the 1.3560 to 1.3640 zone. GBP/USD opened the week at 1.35340, then early on edged to a low of 1.34906, then floundered, with the pair eventually hitting a high of 1....

The U.S. Dollar Index, which measures the value of the U.S. dollar against a basket of foreign currencies, has gained about 3.2 percent year-to-date through Oct. 11.  This is where the greenback stands year-to-date against other major currencies: Euro: +3.4 percent Pound: +2.1 percent...

Vexing currency market observers, the PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP) is down 8.4 percent year to date. That is an arguably stunning decline when considering the Federal Reserve has boosted interest rates twice this year. UUP, the exchange-traded fund proxy for the U.S....

The Federal Reserve raised interest rates earlier this week, marking the second time this year that the U.S. central bank has boosted borrowing costs. That move by the Fed has helped the PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP), widely viewed as a dud this year among developed market...

The British pound fell on Wednesday and is trading a near a one-month low of $1.2775 amid political uncertainty across the pond. U.K. Prime Minister Theresa May shocked the political landscape in April when she called for an early election in June 2017. May's Conservative party holds a majority of...