British Pound climbs as Hormuz talks stall, US CPI in focus
The Pound Sterling (GBP) advances during the North American session on Monday, up 0.2% as markets digest developments in the Middle East and await crucial inflation data in the United States (US). The GBP/USD pair trades at 1.3520 after bouncing off daily lows of 1.3483. Read More…
British Pound tests 1.3500 as US Dollar struggles to shake off NFP shock
GBP/USD trades around 1.3495 on Monday at the time of writing, up a modest 0.04% on the day. However, the pair struggles to hold firmly above the psychological 1.3500 level after benefiting on Friday from a decline in the US Dollar (USD) triggered by disappointing United States (US) employment data. Read More…
British Pound outperforms at the start of the UK Q2 GDP data week
The British Pound (GBP) trades higher against its major currency peers and is marginally up at around 1.3500 against the US Dollar (USD) during the European trading session on Monday. The outperformance in the British currency seems unlikely to sustain as traders seem confident that the Bank of England (BoE) will not hike interest rates in the near term despite rising oil prices prompting global inflation expectations. Read More…
