GBP/USD Outlook: Sterling Rallies as UK Jobless Rate Falls
The UK unemployment rate fell from 4.4% in May to 4.2% in June. After the UK jobs report, investors cut the likelihood of a September BoE cut from 38% to…
The UK unemployment rate fell from 4.4% in May to 4.2% in June. After the UK jobs report, investors cut the likelihood of a September BoE cut from 38% to…
In Q2, wages in Australia rose slowly over the year. Employment in Australia rose, leading to improved business conditions in July. Traders are on edge, awaiting US figures on wholesale…
U.S. jobless claims data showed a bigger-than-expected drop on Thursday. Investors expect the Fed to cut borrowing costs by 100 basis points this year. Economists expect US inflation to remain…
The outlook for the Australian economy and inflation will depend on the data. RBA forecasts show that inflation will only reach the target of 2-3% at the end of 2025.…
Expectations of a Fed rate cut put pressure on the dollar. The Canadian dollar had a strong week as oil prices rose. Investors await US inflation data. The USD/CAD weekly…
US service sector PMI data showed expansion. US jobless claims fell, pointing to a still tight labor market. The pound fell as markets mulled the Bank of England's first interest…
The BoE implemented its first rate cut last week. Core inflation in the UK remains high. Recession fears in the US eased after upbeat employment data. GBP/USD price analysis shows…
US jobless claims fell to 233,000. Despite signs of weakness, the US labor market remains resilient. BoJ minutes on Thursday showed a hawkish tone among policymakers. USD/JPI outlook tilts bullish…
RBA Governor Michelle Bullock said the central bank will not hesitate to raise interest rates. The probability of an RBA rate cut in November fell to 46%. The US dollar…
Weakness in the US labor market will increase the urgency of the Fed's rate cuts. Investors will now await next week's US CPI report. The Canadian dollar strengthened as oil…