GBP/USD dives to multi-week lows amid USD strength, eyes on BoE
The GBP weakened on Tuesday against the USD as the Greenback gained ground against most of its rivals. Ahead of Thursday’s Bank of England (BoE) decision, the weak British made the GBP lose interest while markets await key labour data from the US. Economic data reported on the session from the US came in weak, but the DXY index hold gains above 102.00. Read More...
Pound Sterling falls sharply amid caution ahead of interest rate decision
The Pound Sterling (GBP) delivers a perpendicular fall as investors remain cautious ahead of the interest rate decision by the Bank of England (BoE), which will be announced on Thursday. The GBP/USD pair fails to discover strength as a widely anticipated interest-rate hike by the BoE will deepen recession fears. UK Treasury Advisers already warned that an aggressive rate-tightening cycle would dampen the economic outlook. Read More...
GBP/USD: Extra downside faces support around 1.2720 – UOB
Further selling pressure in GBP/USD is expected to meet a tough support around 1.2720, according to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group. Read More...
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EUR/USD holds losses below 1.1400 amid US Dollar recovery
EUR/USD remains pressured below 1.1400 in the European trading hours on Tuesday. The Euro weakens amid rising expectations of further ECB interest rate cuts while the US Dollar draws support from some progress on US trade deals with its major global trading partners. US jobs data awaited.
GBP/USD retreats to near 1.3400 ahead of BoE’s Ramsden speech
GBP/USD is holding its pullback from three-year highs of 1.3445 early Tuesday, pressured by a modest US Dollar rebound and a cautious market mood. Investors look to BoE policymaker Ramsden's speech and US jobs and consumer sentiment data for fresh trading impetus.
Gold price retains negative bias amid positive risk tone and reviving USD demand
Gold price remains heavily offered through the early European session, though it manages to hold above the $3,300 mark amid mixed fundamental cues. Signs of easing US-China trade tensions continue to drive flows away from traditional safe-haven assets and undermine demand for the precious metal.
Tether Bitcoin stash crosses 100,000, stablecoin giant holds 7.7 tons of physical Gold
Tether, a stablecoin giant and the seventh-largest holder of US Treasury bills, published its attestation report for the first quarter on Monday. The stablecoin firm noted the US Dollar’s (USD) dominance in the stablecoin sector and dropped the statistics on its physical Gold reserves.
Week ahead: US GDP, inflation and jobs in focus amid tariff mess – BoJ meets
Barrage of US data to shed light on US economy as tariff war heats up. GDP, PCE inflation and nonfarm payrolls reports to headline the week. Bank of Japan to hold rates but may downgrade growth outlook. Eurozone and Australian CPI also on the agenda, Canadians go to the polls.
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